Intevac 1q earnings snapshot laredo online electricity bill payment

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Intevac, Inc. (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives. Its thin film equipment products include 200 Lean Disk Sputtering System, 200 Lean Etch and Deposition System, AccuLuber Disk Lubrication System, INTEVAC VERTEX System, INTEVAC MATRIX Implant System, ENERGi Implant System and INTEVAC MATRIX System. The Company’s photonic segment develops, manufactures and sells compact digital-optical products for the capture and display of low-light images.

News stories about Intevac (NASDAQ:IVAC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Intevac earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 46.1297265031416 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Other institutional investors also recently bought and sold shares of the company. Alambic Investment Management L.P. bought a new position in shares of Intevac in the fourth quarter valued at approximately $150,000. Wells Fargo & Company MN boosted its holdings in shares of Intevac by 2,509,200.0% in the third quarter. Wells Fargo & Company MN now owns 25,093 shares of the electronics maker’s stock valued at $212,000 after acquiring an additional 25,092 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Intevac during the third quarter worth approximately $318,000. Goldman Sachs Group Inc. boosted its holdings in Intevac by 159.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,252 shares of the electronics maker’s stock worth $289,000 after buying an additional 25,979 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in Intevac by 23.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 64,381 shares of the electronics maker’s stock worth $441,000 after buying an additional 12,404 shares in the last quarter. Institutional investors and hedge funds own 69.28% of the company’s stock.

A number of brokerages have commented on IVAC. Zacks Investment Research upgraded Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Noble Financial restated a “buy” rating on shares of Intevac in a research report on Thursday, January 18th. B. Riley upgraded Intevac to a “buy” rating in a research report on Thursday, January 18th. Maxim Group restated a “buy” rating and issued a $12.00 price target on shares of Intevac in a research report on Thursday, February 1st. Finally, ValuEngine lowered Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.10.

Shares of NASDAQ IVAC traded up $0.22 during mid-day trading on Monday, reaching $6.62. The company’s stock had a trading volume of 223,724 shares, compared to its average volume of 130,271. Intevac has a 52 week low of $5.95 and a 52 week high of $14.00. The firm has a market cap of $143.10, a price-to-earnings ratio of 38.65 and a beta of 0.88.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Intevac had a return on equity of 4.89% and a net margin of 3.65%. The company had revenue of $24.80 million during the quarter, compared to analyst estimates of $24.80 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 14.5% on a year-over-year basis. sell-side analysts forecast that Intevac will post 0.22 earnings per share for the current fiscal year. The current ratio of 3.1 is mainly used to give an idea of a company’s ability to pay back its liabilities (debt and accounts payable) with its assets (cash, marketable securities, inventory, accounts receivable). As such, current ratio can be used to make a rough estimate of a company’s financial health. The quick ratio of 2 is a measure of how well a company can meet its short-term financial liabilities with quick assets (cash and cash equivalents, short-term marketable securities, and accounts receivable). The higher the ratio, the more financially secure a company is in the short term. A common rule of thumb is that companies with a quick ratio of greater than 1.0 are sufficiently able to meet their short-term liabilities.

In related news, Director David S. Dury acquired 5,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.23 per share, with a total value of $31,150.00. Following the purchase, the director now directly owns 34,000 shares of the company’s stock, valued at $211,820. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder April Fund Ltd. 21 acquired 88,183 shares of the stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $6.81 per share, with a total value of $600,526.23. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 592,964 shares of company stock valued at $3,745,152. 7.00% of the stock is owned by corporate insiders.

Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.