NASDAQ:IVAC - Intevac Stock Price, Forecast & News

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

Intevac announced that its Board of Directors has initiated a share repurchase plan on Monday, August 20th 2018, which authorizes the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Intevac, Inc. (NASDAQ:IVAC) released its earnings results on Monday, October, 28th. The electronics maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. The electronics maker had revenue of $26.30 million for the quarter, compared to analyst estimates of $25 million. Intevac had a negative return on equity of 2.38% and a net margin of 5.65%. View Intevac's Earnings History.

Intevac is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Intevac.

2 brokers have issued 12 month price targets for Intevac's shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate Intevac's share price to reach $7.00 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Intevac.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intevac in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Intevac.

News headlines about IVAC stock have trended somewhat negative on Thursday, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Intevac earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave media headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Intevac.

Intevac saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 74,500 shares, an increase of 19.8% from the October 31st total of 62,200 shares. Based on an average trading volume of 31,000 shares, the short-interest ratio is presently 2.4 days. Currently, 0.3% of the company's shares are sold short. View Intevac's Current Options Chain.

Some companies that are related to Intevac include Western Digital (WDC), NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR) and HGST Technologies Santa Ana (STEC).

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

Intevac's stock is owned by a number of of retail and institutional investors. Top institutional investors include Essex Investment Management Co. LLC (1.43%), Millennium Management LLC (0.08%), Tower Research Capital LLC TRC (0.04%) and Public Employees Retirement System of Ohio (0.04%). Company insiders that own Intevac stock include April Fund Ltd 21, David S Dury, James P Moniz, Timothy Justyn and Wendell Thomas Blonigan. View Institutional Ownership Trends for Intevac.

IVAC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Essex Investment Management Co. LLC and Public Employees Retirement System of Ohio. Company insiders that have sold Intevac company stock in the last year include Timothy Justyn and Wendell Thomas Blonigan. View Insider Buying and Selling for Intevac.

IVAC stock was purchased by a variety of institutional investors in the last quarter, including Tower Research Capital LLC TRC. Company insiders that have bought Intevac stock in the last two years include April Fund Ltd 21, David S Dury, James P Moniz and Wendell Thomas Blonigan. View Insider Buying and Selling for Intevac.

Shares of IVAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of IVAC stock can currently be purchased for approximately $6.48.

Intevac has a market capitalization of $150.53 million and generates $95.11 million in revenue each year. The electronics maker earns $3.58 million in net income (profit) each year or ($0.19) on an earnings per share basis. Intevac employs 250 workers across the globe.View Additional Information About Intevac.

The official website for Intevac is http://www.intevac.com/.

Intevac's mailing address is 3560 BASSETT STREET, SANTA CLARA CA, 95054. The electronics maker can be reached via phone at 408-986-9888.