NASDAQ:IVACIntevac Stock Price, Forecast & News

Intevac's stock was trading at $4.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, IVAC shares have increased by 23.4% and is now trading at $5.86.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intevac in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Intevac is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Intevac, Inc. (NASDAQ:IVAC) announced its quarterly earnings data on Monday, July, 27th. The electronics maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.23. The electronics maker earned $28.84 million during the quarter, compared to the consensus estimate of $15.60 million. Intevac had a return on equity of 5.31% and a net margin of 4.59%.
View Intevac's earnings history.

Intevac announced that its Board of Directors has initiated a stock buyback program on Monday, August 20th 2018, which permits the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

1 Wall Street analysts have issued 1 year target prices for Intevac's stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate Intevac's stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 14.7%.
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News stories about IVAC stock have trended negative on Wednesday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Intevac earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave news stories about the electronics maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
View the latest news about Intevac.

Intevac saw a increase in short interest in July. As of July 31st, there was short interest totaling 577,000 shares, an increase of 7.8% from the July 15th total of 535,200 shares. Based on an average trading volume of 119,100 shares, the short-interest ratio is currently 4.8 days. Currently, 2.6% of the company's stock are short sold.
View Intevac's Short Interest.

Some companies that are related to Intevac include Western Digital (WDC), NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR) and HGST Technologies Santa Ana (STEC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Intevac investors own include Intelsat (I), Cypress Semiconductor (CY), Nabors Industries (NBR), AMC Entertainment (AMC), Advanced Micro Devices (AMD), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Zynga (ZNGA) and Chesapeake Energy (CHKAQ).

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

Intevac's stock is owned by a variety of retail and institutional investors. Top institutional investors include WINTON GROUP Ltd (0.37%), Bank of New York Mellon Corp (0.31%), New York State Common Retirement Fund (0.09%), Russell Investments Group Ltd. (0.08%) and UBS Group AG (0.04%). Company insiders that own Intevac stock include David S Dury, James P Moniz, Jay Cho, Lp Bleichroeder, Timothy Justyn and Wendell Thomas Blonigan.
View institutional ownership trends for Intevac.

IVAC stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, New York State Common Retirement Fund, WINTON GROUP Ltd, UBS Group AG, and Russell Investments Group Ltd.. Company insiders that have bought Intevac stock in the last two years include David S Dury, James P Moniz, and Wendell Thomas Blonigan.
View insider buying and selling activity 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 $5.86.

Intevac has a market capitalization of $138.50 million and generates $108.89 million in revenue each year. The electronics maker earns $1.15 million in net income (profit) each year or $0.05 on an earnings per share basis. Intevac employs 250 workers across the globe.

The official website for Intevac is 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.