Intevac - IVAC Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intevac in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street 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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Intevac's stock was trading at $4.71 at the beginning of the year. Since then, IVAC stock has increased by 24.2% and is now trading at $5.85.
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Intevac saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 89,400 shares, a decrease of 10.8% from the October 31st total of 100,200 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 2.7 days. Approximately 0.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Intevac, Inc. (NASDAQ:IVAC) issued its quarterly earnings data on Sunday, October, 31st. The electronics maker reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.08. The electronics maker earned $14.79 million during the quarter. Intevac had a negative trailing twelve-month return on equity of 14.20% and a net margin of 73.17%. During the same period last year, the firm earned ($0.01) earnings per share.

Intevac issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of -$0.21--$0.17 for the period, compared to the consensus earnings per share estimate of -$0.12. The company issued revenue guidance of $10.00 million-$10.00 million, compared to the consensus revenue estimate of $11.50 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 retail and institutional investors. Top institutional investors include Royce & Associates LP (9.63%), Dimensional Fund Advisors LP (5.43%), Westerly Capital Management LLC (2.71%), BlackRock Inc. (2.17%), Renaissance Technologies LLC (1.54%) and Gabelli Funds LLC (1.26%). Insiders that own company stock include David S Dury, James P Moniz, Jay Cho, 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 $5.85.

Intevac (NASDAQ:IVAC) has a market capitalization of $148.83 million and generates $38.52 million in revenue each year. The electronics maker earns $26.62 million in net income (profit) each year or $1.21 on an earnings per share basis.

The company employs 148 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.