Intevac Receives a Hold from Benchmark Co.

Benchmark Co. analyst Mark Miller maintained a Hold rating on Intevac (NASDAQ: IVAC) yesterday. The company’s shares closed yesterday at $4.78, close to its 52-week low of $4.65.

According to TipRanks.com, Miller is a top 25 analyst with an average return of 27.6% and a 71.7% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Ipg Photonics Corp, and Nanometrics Inc.

Currently, the analyst consensus on Intevac is Hold and the average price target is $6.50, representing a 36.1% upside.

In a report released yesterday, Maxim Group also downgraded the stock to Hold with a $6.50 price target.

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The company has a one-year high of $14 and a one-year low of $4.65. Currently, Intevac has an average volume of 164.5K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IVAC in relation to earlier this year.

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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.