AMD Stock – Intevac (IVAC) Receives a Rating Update from a Top Analyst
In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Intevac (IVAC), with a price target of $11.00. The company’s shares closed last Tuesday at $6.29.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 35.5% and a 72.9% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Himax Technologies, and Power Integrations.
Currently, the analyst consensus on Intevac is a Moderate Buy with an average price target of $10.00, a 55.8% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $9.00 price target.
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The company has a one-year high of $8.46 and a one-year low of $4.79. Currently, Intevac has an average volume of 219K.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IVAC in relation to earlier this year.
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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.