Intevac Inc (IVAC) Files Form 4 Insider Buying : Matthew A Drapkin Buys 38,820 Shares

Intevac Inc (IVAC): Matthew A Drapkin , director of Intevac Inc purchased 38,820 shares on Jun 8, 2016. The Insider buying transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.43 per share for a total value of $206,996.41 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, Michael A Russak (Executive Advisor) sold 1,902 shares at $5.31 per share price.On Aug 20, 2015, Christopher Smith (VP, Business Development) sold 4,300 shares at $5.01 per share price.Also, On Jun 10, 2015, John F Schaefer (director) purchased 10,117 shares at $5.47 per share price.On May 12, 2015, Norman H Pond (Chairman of the Board) purchased 10,000 shares at $5.45 per share price.

Intevac: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Intevac which led to swings in the share price. The shares opened for trading at $5.37 and hit $5.63 on the upside , eventually ending the session at $5.59, with a gain of 4.68% or 0.25 points. The heightened volatility saw the trading volume jump to 38,132 shares. The 52-week high of the share price is $6.15 and the company has a market cap of $115 M . The 52-week low of the share price is at $3.99.

Intevac Money Flow Index Chart

Company has been under the radar of several Street Analysts.Intevac is Upgraded by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 6.50 from a previous price target of $5.50 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 8, 2016.Intevac is Upgraded by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $6.70 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 3, 2016.

Intevac Inc. provides process manufacturing equipment solutions to the hard disk drive industry and offers high-productivity thin-film processing systems to the photovoltaic (PV) industry. The Company also provides sensors cameras and systems for government applications such as night vision and long-range target identification. The Company’s customers include manufacturers of hard disk drives PV cells and cell phones as well as the United States government and its agencies and contractors. The Company has two segments which include Equipment and Photonics. The Company’s products are used in the defense market. The Company provides process and applications support customer training installation start-up assistance and post-installation service support to its equipment customers. The Company manufactures its Equipment products at its facilities in California and Singapore. Its operations include vacuum processing and electromechanical and optical system assembly.

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