Benchmark Co. analyst Mark Miller maintained a Buy rating on Intevac (IVAC – Research Report) today and set a price target of $7.00. The company’s shares closed last Monday at $5.74.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 25.3% and a 68.0% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and Onto Innovation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intevac with a $7.00 average price target.
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Based on Intevac’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.79 million and GAAP net loss of $4.23 million. In comparison, last year the company earned revenue of $21.57 million and had a GAAP net loss of $357K.
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Intevac, Inc. is engaged in the design, manufacture, and marketing of thin-film processing systems; and 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.The Photonics segment develops digital-optical products for the capture and display of low-light images. The company was founded by Norman H. Pond in October 1990 and is headquartered in Santa Clara, CA.
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