In a report issued on March 8, Gus Richard from Northland Securities maintained a Buy rating on Intevac (IVAC – Research Report), with a price target of $11.00. The company’s shares closed last Friday at $6.43.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 37.9% and a 74.2% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Himax Technologies.
Currently, the analyst consensus on Intevac is a Moderate Buy with an average price target of $10.00.
The company has a one-year high of $7.95 and a one-year low of $3.17. Currently, Intevac has an average volume of 99.24K.
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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.