Intevac (IVAC) is Initiated by ROTH Capital to Buy, Price Target at $8.50

Intevac (IVAC) is Initiated by ROTH Capital to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $8.50. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Intevac Inc. has dropped 3.68% during the last 3-month period . Year-to-Date the stock performance stands at -39.38%.The company shares have dropped -35.09% from its 1 Year high price. On Jan 2, 2015, the shares registered one year high at $7.81 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $4.91 and the 200 Day Moving Average price is recorded at $5.08.

Intevac, Inc. (NASDAQ:IVAC) has lost 1.26% during the past week and dropped 6.55% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.43%. Intevac, Inc. (NASDAQ:IVAC) has underperformed the index by 4.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Intevac, Inc. (NASDAQ:IVAC) ended Thursday session in red amid volatile trading. The shares closed down 0.08 points or 1.67% at $4.71 with 42,873 shares getting traded. Post opening the session at $4.78, the shares hit an intraday low of $4.71 and an intraday high of $4.82 and the price vacillated in this range throughout the day. The company has a market cap of $103 million and the number of outstanding shares have been calculated to be 21,848,619 shares. The 52-week high of Intevac, Inc. (NASDAQ:IVAC) is $8.03 and the 52-week low is $4.28.

Currently the company Insiders own 18.7% of Intevac, Inc. shares according to the proxy statements. Institutional Investors own 79.89% of Intevac, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -16.95%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Russak Michael A, officer (Executive Advisor) of Intevac Inc, had unloaded 2,141 shares at an average price of $5.09 in a transaction dated on September 9, 2015. The total value of the transaction was worth $10,898.

Intevac, Inc. (Intevac) provides process manufacturing equipment solutions to the hard disk drive industry and manufacturing equipment and inspection solutions to the photovoltaic (PV) industry. Intevac also provides sensors, cameras and systems for government applications, such as night vision and long-range target identification, and for commercial applications in the inspection, medical, scientific and security industries. Intevacs customers include manufacturers of hard disk drives and PV cells, as well as the United States government and its agencies and contractors, medical, scientific and security companies, and law enforcement. The Company operates in two segments: Equipment and Intevac Photonics. In January 2012, Intevac divested the semiconductor mainframe technology and sold certain assets of its semiconductor mainframe technology to Brooks Automation, Inc. The Company operates in the regions of the United States, Asia (Singapore, China, Japan and Malaysia) and Europe.