Intevac (NASDAQ: IVAC) received a Hold rating from Maxim Group analyst Nehal Chokshi today. The company’s shares closed yesterday at $4.26, close to its 52-week low of $4.21.
Chokshi said:
“Sept Q slightly ahead of guidance on HDD tool upgrade activity, some risk to Dec Q guidance cited. Vertex progress remains the big opportunity, but timing and shape of ramp remains highly uncertain, in our view. Maintaining Hold Rating.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 7.8% and a 54.5% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Intevac has an analyst consensus of Moderate Buy, with a price target consensus of $5.25, representing a 23.2% upside. In a report issued on October 22, B.Riley FBR also maintained a Hold rating on the stock with a $5 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $9.15 and a one-year low of $4.21. Currently, Intevac has an average volume of 128.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intevac, Inc. engages 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.
