Intevac (IVAC) Scheduled to Post Earnings on Monday

Intevac (NASDAQ:IVACGet Rating) will issue its quarterly earnings data after the market closes on Monday, May 9th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Intevac (NASDAQ:IVACGet Rating) last issued its quarterly earnings results on Wednesday, February 9th. The electronics maker reported ($0.29) earnings per share for the quarter. The company had revenue of $15.92 million for the quarter. Intevac had a negative return on equity of 23.08% and a net margin of 43.81%.

Shares of IVAC opened at $5.09 on Monday. The stock has a market capitalization of $126.67 million, a P/E ratio of 4.71 and a beta of 0.81. Intevac has a 1 year low of $3.93 and a 1 year high of $7.16. The company’s fifty day moving average is $5.18 and its two-hundred day moving average is $5.06.

In related news, CEO Nigel Hunton purchased 10,000 shares of Intevac stock in a transaction dated Thursday, February 24th. The stock was bought at an average cost of $4.96 per share, for a total transaction of $49,600.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James P. Moniz sold 27,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $5.54, for a total value of $150,411.00. The disclosure for this sale can be found here. 7.70% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Intevac by 0.4% in the fourth quarter. BlackRock Inc. now owns 562,612 shares of the electronics maker’s stock valued at $2,650,000 after purchasing an additional 2,308 shares during the last quarter. Northern Trust Corp increased its position in Intevac by 4.6% during the fourth quarter. Northern Trust Corp now owns 62,112 shares of the electronics maker’s stock worth $293,000 after purchasing an additional 2,726 shares during the last quarter. Morgan Stanley increased its holdings in shares of Intevac by 17.9% during the 2nd quarter. Morgan Stanley now owns 29,255 shares of the electronics maker’s stock worth $197,000 after buying an additional 4,441 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Intevac by 29.8% in the 4th quarter. Susquehanna International Group LLP now owns 42,686 shares of the electronics maker’s stock worth $201,000 after purchasing an additional 9,795 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Intevac during the 4th quarter worth approximately $90,000. Institutional investors and hedge funds own 68.23% of the company’s stock.

A number of brokerages have recently issued reports on IVAC. Benchmark lowered shares of Intevac from a “buy” rating to a “hold” rating in a research note on Thursday, February 10th. StockNews.com initiated coverage on Intevac in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Intevac Company Profile (Get Rating)

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, and Europe. It designs, develops, and markets thin-film processing systems for hard disk drive media, display cover panel, solar photovoltaic cell, and advanced semiconductor packaging industries.

See Also

Earnings History for Intevac (NASDAQ:IVAC)

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