Intevac (IVAC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intevac in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IVAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IVAC, but not buy additional shares or sell existing shares.
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1 Wall Street analysts have issued 12-month price targets for Intevac's stock. Their IVAC share price forecasts range from $9.00 to $9.00. On average, they expect the company's share price to reach $9.00 in the next twelve months. This suggests a possible upside of 183.0% from the stock's current price.
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Intevac's stock was trading at $6.47 on January 1st, 2023. Since then, IVAC stock has decreased by 50.9% and is now trading at $3.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our IVAC earnings forecast.

Intevac, Inc. (NASDAQ:IVAC) posted its quarterly earnings results on Wednesday, August, 2nd. The electronics maker reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.02. The electronics maker earned $10.30 million during the quarter, compared to the consensus estimate of $8.50 million. Intevac had a negative trailing twelve-month return on equity of 12.79% and a negative net margin of 34.60%.

Intevac updated its FY 2023 earnings guidance on Saturday, August, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $44.00 million-$44.00 million, compared to the consensus revenue estimate of $40.29 million.

3 employees have rated Intevac Chief Executive Officer Wendell Blonigan on Glassdoor.com. Wendell Blonigan has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Intevac investors own include Intelsat (I), Nabors Industries (NBR), Cypress Semiconductor (CY), Micron Technology (MU), AMC Entertainment (AMC), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC), Starbucks (SBUX) and Zynga (ZNGA).

Intevac trades on the NASDAQ under the ticker symbol "IVAC."

Intevac's stock is owned by a number of institutional and retail investors. Top institutional investors include Royce & Associates LP (11.34%), BlackRock Inc. (5.96%), Dimensional Fund Advisors LP (5.64%), Renaissance Technologies LLC (2.40%), Kennedy Capital Management LLC (2.27%) and Geode Capital Management LLC (1.87%). Insiders that own company stock include David S Dury, James P Moniz, Kevin D Barber, Lp Bleichroeder, Michele Klein, Nigel Hunton, Timothy Justyn and Wendell Thomas Blonigan.
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Shares of IVAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IVAC stock can currently be purchased for approximately $3.18.

Intevac (NASDAQ:IVAC) has a market capitalization of $83.64 million and generates $43.85 million in revenue each year. The electronics maker earns $-17,080,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis.

The company employs 154 workers across the globe.

Intevac's mailing address is 3560 BASSETT STREET, SANTA CLARA CA, 95054. The official website for the company is www.intevac.com. The electronics maker can be reached via phone at (408) 986-9888 or via fax at 408-988-8145.