News stories about Intevac (NASDAQ:IVAC) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intevac earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 45.510191984418 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Intevac, Inc. (IVAC) Expected to Post Quarterly Sales of $17.90 Million (americanbankingnews.com)
- Intevac (IVAC) Upgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Zacks: Brokerages Expect Intevac, Inc. (IVAC) Will Announce Earnings of -$0.24 Per Share (americanbankingnews.com)
- Intevac (IVAC) Upgraded at Noble Financial (americanbankingnews.com)
- Intevac (IVAC) Stock Rating Reaffirmed by B. Riley (americanbankingnews.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Intevac from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered Intevac from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Maxim Group reaffirmed a “buy” rating and set a $12.00 price objective on shares of Intevac in a research report on Thursday, February 1st. B. Riley reaffirmed a “buy” rating and set a $11.50 price objective (down previously from $14.00) on shares of Intevac in a research report on Thursday, February 1st. Finally, Noble Financial reaffirmed a “buy” rating on shares of Intevac in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.10.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. Intevac had a return on equity of 4.89% and a net margin of 3.65%. The company had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.80 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 14.5% on a year-over-year basis. equities research analysts predict that Intevac will post 0.22 earnings per share for the current year.
In other news, Director David S. Dury purchased 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $6.23 per share, for a total transaction of $31,150.00. Following the purchase, the director now directly owns 34,000 shares in the company, valued at approximately $211,820. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder April Fund Ltd. 21 purchased 28,449 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was purchased at an average price of $6.05 per share, for a total transaction of $172,116.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 370,964 shares of company stock worth $2,382,072. Company insiders own 13.90% of the company’s stock.
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Intevac Company Profile
Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.
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