Intevac (NASDAQ:IVAC – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Intevac (NASDAQ:IVAC – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The electronics maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $10.75 million for the quarter, compared to analyst estimates of $9.75 million. Intevac had a net margin of 73.17% and a negative return on equity of 14.20%. On average, analysts expect Intevac to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Intevac Stock Down 0.9 %
IVAC opened at $6.74 on Wednesday. The firm has a market cap of $171.47 million, a price-to-earnings ratio of 5.57 and a beta of 0.67. Intevac has a fifty-two week low of $4.29 and a fifty-two week high of $7.06. The company’s 50-day moving average price is $6.28 and its 200 day moving average price is $5.32.
Wall Street Analysts Forecast Growth
Insider Buying and Selling at Intevac
In other news, major shareholder Lp Bleichroeder purchased 46,931 shares of the company’s stock in a transaction on Friday, January 6th. The shares were bought at an average price of $6.58 per share, for a total transaction of $308,805.98. Following the completion of the purchase, the insider now owns 5,020,973 shares of the company’s stock, valued at $33,038,002.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Intevac
Several large investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Intevac by 3.6% in the second quarter. Millennium Management LLC now owns 112,464 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 3,902 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Intevac by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,381,413 shares of the electronics maker’s stock valued at $6,424,000 after acquiring an additional 11,575 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in shares of Intevac in the first quarter valued at approximately $83,000. Ancora Advisors LLC boosted its holdings in shares of Intevac by 20.1% in the first quarter. Ancora Advisors LLC now owns 139,741 shares of the electronics maker’s stock valued at $999,000 after acquiring an additional 23,360 shares in the last quarter. Finally, Teton Advisors Inc. boosted its holdings in shares of Intevac by 23.6% in the first quarter. Teton Advisors Inc. now owns 206,000 shares of the electronics maker’s stock valued at $1,102,000 after acquiring an additional 39,270 shares in the last quarter. Institutional investors and hedge funds own 68.37% of the company’s stock.
Intevac Company Profile
Intevac, Inc engages in the design, manufacture and marketing of thin-film processing systems, digital sensors, cameras and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell and DCP industries, as well as other adjacent thin-film markets.
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