Intevac Inc.

Intevac is a leading provider of magnetic media disk sputtering equipment serving the hard disk drive industry.  The company also has a Photonics imaging business and entered the photovoltaic equipment market in 2009.  Intevac was founded in 1991 and went public in 1995 and is headquartered in Santa Clara, CA.

Company Details:

Company Symbol: IVAC
Sector: Semiconductor Capital Equipment
Company Rating:
URL: http://www.intevac.com

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  • 06/13/17 Morning Note B. Riley AM Note: AOSL, APPS, AVGO, IMAX, INTC, IVAC, JCP, JIVE (discontinuation), MRVL, ON
  • 05/10/17 Morning Note B. Riley AM Note: ACIA, ARTX, AUXO, CAMT, CVRS, CVU, CYTX, EKSO, FARM, HEAR, III, IVAC, JCP, MCHP, NAME, NMRX, NVDA, NVTR, PCTI, PRMW, REIS, TRUE, TST, VPG, XOXO, YELP; Boardsport (DECK, NKE, VFC)
  • 05/02/17 Update IVAC ($12.80, Buy; $16.00 PT): Solid Print And Guide With Continued Long Term Driver Progress; PT To $16.00
  • 05/02/17 Morning Note B. Riley AM Note: BLKB, DCO, HEAR, IDSY, IMMR, IVAC, JIVE (downgrade), KEM, KTOS, NCMI, NSIT, RLH, RTEC, STMP, TACT, TRUE, TUES, WEYS; May Focus List Update (BV, CARB, DKS, IMAX, KTOS, LITE, MPAA, MRVL, OOMA, TRUE), Optical Components (EMKR, INFN, LITE)
  • 04/24/17 Morning Note B. Riley AM Note: GSM, IDCC (upgrade), OSIS, PRGX, ROG, SHOO, SIX; Exhibitors (AMC, CNK, IMAX, MCS, RDI, RGC), Semiconductors (INTC, SLAB, SWKS, TXN), Semi. Cap. Equipment (BRKS, COHU, IVAC, KLAC, RTEC)
  • 04/24/17 Update Industry Update - Semi Cap Equipment Week 2 Previews: BRKS, COHU, KLAC, IVAC, And RTEC
  • 04/07/17 Update B. Riley & Co. Industry Update - Semi Cap Eqp: Multi-Year 3D NAND And China Fab Analysis Supports Steady Growth View (ACLS, AMAT, KLAC, KLIC, LRCX)
  • 03/15/17 Morning Note B. Riley AM Note: ACLS, AMSWA, CLRO (resuming coverage), DRAD, DSW, FTD, IPAR, IVAC, NMRX, NPTN, OCLR, OSIS, PRGX, RELY, RUBI (downgrade)
  • 03/14/17 Morning Note B. Riley AM Note: CVRS, INTC, IPAR, IVAC, NLS, NVDA, ON, PFSW, PRMW, RDI, RELY, TLYS, VVI
  • 02/02/17 Morning Note B. Riley AM Note: ACLS, BRKS, CSGP, DHX, EMKR, EXAR, GSM, IVAC (upgrade), MBUU, RCKY (downgrade), RELY, SLAB, SRI, TUP, ZUMZ
  • 02/02/17 Update IVAC ($9.45, Buy; $11.50 PT): Encouraging Demand Signs And Inflection In Profitability; Upgrade To Buy, PT To $11.50
  • 01/30/17 Update Industry Update: Semiconductor Capital Equipment Week #3 Results Preview - Framing Prospects For ACLS, BRKS, IVAC, KLIC, RTEC, And UTEK
  • 01/30/17 Morning Note B. Riley AM Note: CL, GDDY, TRUE, VIAV; Semiconductors (ISIL, SLAB, EXAR), Semi. Cap. Equipment (ACLS, BRKS, IVAC, KLIC, RTEC, UTEK)
  • 01/25/17 Update IVAC ($9.75, Neutral; $10.00 PT): Improving Display And Solar, C17 Growth Drivers Lining Up; PT Increases To $10.00
  • 01/25/17 Morning Note B. Riley AM Note: BC, CDZI, HZO, IIVI, IVAC, KMB, MRVL, ON, PII, SIMO, TNAV, TXN; Focus List Update (BV, CARB, DKS, IMAX, KTOS, LITE, MPAA, MRVL, OOMA, PBH, PFSW, TRUE)
  • 01/17/17 Desk Report Industry Update: Semi Capital Equipment – Increasingly Seasonal Fundamentals With Value Creation Moves Solidifying Structural Multi-Year EPS Gains; Retain Positive Sector And Company Views
  • 12/01/16 Morning Note B. Riley AM Note: AEO, BV, GES, IVAC, MCHP, MRVL, SANM, SMTC, TLYS, TYPE; December Focus List (BV, DKS, FLEX, GSM, KTOS, LITE, MPAA, MRVL, PBH, PFSW, TIVO, TNAV, TRUE)
  • 11/02/16 Update IVAC ($5.90, Neutral; $6.50 PT): Beats But Guides Lower Moderately; Backlog Solid For A Second Quarter; PT Is $6.50
  • 11/02/16 Morning Note B. Riley AM Note: ACLS, BLKB, CALD, CNK, DHX, DXCM, ELNK, GPX, HSKA, HZO, IPHI, IVAC, KEM, KTCC, KW, MBUU, OCLR, PRMW, RELY, RLH, RNWK, SANM, SHOO, TNAV, TNDM, TST, UEIC, VIAV
  • 10/31/16 Update Industry Update - SemiCap Week #3 Results Preview: Framing Prospects For ACLS, CAMT, IVAC And RTEC
  • 10/04/16 Morning Note B. Riley AM Note: ACLS, IVAC, KLIC, MRVL, NLST, RLH, TYPE, WMAR (upgrade)
  • 08/02/16 Morning Note B. Riley AM Note: AMC, BLKB, CBR, CKEC, CROX, CVU, EMKR, FTD, IDTI, IMMR, IVAC, KE, LIOX, LLNW, NLS, PBH, SBH, TST, XOXO
  • 08/02/16 Update IVAC ($5.70, Neutral; $6.50 PT): Beats And Guides Better With Backlog Adding 2H Sales Visibility; Increase PT to $6.50
  • 07/25/16 Update Industry Update: Semi Cap Week #2 Results Preview - BRKS, COHU, IVAC, KLAC, LRCX, And RTEC
  • 07/25/16 Morning Note B. Riley AM Note: AMC, BOOT, CKEC, CTG, DHX, DMRC, MCS, PCMI, PRGX, RGC, SIMO, STMP, VFC; Semiconductors (ISIL, LLTC, MRVL, SLAB, SQNS, TXN), Semi. Cap. Equipment (BRKS, COHU, IVAC, KLAC, LRCX, RTEC)
  • 06/27/16 Update Industry Update - Semi’s And Cap Equipment: Beyond Brexit, Framing Trough And Recovery Parameters (AVGO, MRVL, MXIM, NVDA, SWKS, TXN)
  • 06/08/16 Morning Note B. Riley AM Note: BCOV, CHKE, IVAC, OXM, VNCE
  • 05/20/16 Morning Note B. Riley AM Note: ACLS, AMAT, DKS, EGHT, FNJN, GSM, IVAC, JAKK, MRVL, REIS, SSI, XCRA; Optical Components (CIEN, FNSR, IPHI, LITE, OCLR)
  • 05/03/16 Update IVAC ($5.00, Neutral; $5.25 PT): Beats On Early Display System Rev Rec, But 1H Sales Largely Unchanged; PT is $5.25
  • 05/03/16 Morning Note B. Riley AM Note: ACLS, AVP, AXTI, FARM, CKEC, ELNK, FN, FTD, HDSN, IDSY, IMMR, IVAC, LGF, LITE, MWW, PCTI, RDEN, ROG, ROVI, RTEC, SBH, SRI, TIVO, TYL, WEYS; The Weiser Consumer (CL, FLWS, NWL, PG, PRGO)
  • 05/02/16 Update Industry Update: Semi Cap Equipment Week #3 Results Preview (ACLS, IVAC, RTEC, KLIC, CAMT)
  • 05/02/16 Morning Note B. Riley AM Note: AMC, ARC, AXTI, DRAD, FN, IL, JCP, KTOS, NEWP, NTRI, NWL, OCLR, PRMW, REIS, ROVI, RWNK, SWKS, TACT, TUES, TYPE, VFC, VIAV, VSAT; Exhibitors, Optical (CIEN, FNSR, IPHI), Semis/SemiCap (ACLS, CAMT, MCHP ), Software (CALD, CSOD, GUID, NTCT)
  • 03/29/16 Morning Note B. Riley AM Note: AVP, CVU, IVAC, ON, P, TRUE; Marine (MBUU, MCFT, WMAR)
  • 03/21/16 Morning Note B. Riley & Co. AM Note: IDCC, LGF, NKE, NTRI; Exhibitors (AMC, CKEC, CNK, MCS, RGC), Semi. Cap. Equipment (AMAT, ASML, ACLS, BRKS, CAMT, CSCD, COHU, FORM, IVAC, KLAC, KLIC, LRCX, MTSN, RTEC, UTEK, XCRA)
  • 03/21/16 Update Industry Update - Semi And Cap Equipment Co-Controllable Transformations In High Gear, With Coming Cyclical EPS Expansion Still Un-Discounted; Hike Exposure To These Eight Unique Situations Offering 37% Avg Upside
  • 02/04/16 Update IVAC ($4.45, Neutral; $5.25 PT): Solid Beat But Much Lower Outlook And Soft 1H Before 2H Recovery; PT is $5.25
  • 02/04/16 Morning Note B. Riley AM Note: AOSL, ARTX, BRKS, DHX, EXAR, FARM, GIG, IVAC, KLIC, KTOS, MCHP, SLAB, SPA, STMP, SUP, ZUMZ
  • 02/01/16 Update Industry Update - Semi Cap Equipment Week #4 Results Preview: Sizing Up Front And Back End Action Into Results From RTEC, ACLS, KLIC, BRKS, IVAC, and UTEK
  • 02/01/16 Morning Note B. Riley AM Note: CL, DHX, DWA, NWL, SIMO, TNAV, TUES; Semiconductors (AOSL, EXAR, MCHP, SLAB), Semi. Cap. Equipment (ACLS, BRKS, IVAC, KLIC, RTEC, UTEK)
  • 12/28/15 Morning Note B. Riley AM Note: GSM; Box Office (AMC, CKEC, CNK, DWA, IMAX, LGF, MCS, RLD, RGC), Semiconductors & Semi. Cap. Equipment (ACLS, ADI, AMAT, AOSL, ASML, BRCM, BRKS, CAMT, COHU, CSCD, EXAR, FORM, INTC, ISIL, IVAC, KLAC, KLIC, LLTC, LRCX, MCHP, MRVL, MTSN)
  • 12/28/15 Update Industry Update: Semi And Cap Eqp - FCF Analysis Suggests Another Intense Year Of M&A In C16
  • 12/14/15 Morning Note B. Riley AM Note: MAT, MESG; Exhibitors (AMC, CKEC, CNK, DWA, IMAX, LGF, MCS, RLD, RGC), Semi. Cap. Equipment (ACLS, BRKS, CAMT, COHU, CSCD, FORM, IVAC, RTEC, UTEK, XCRA)
  • 12/14/15 Update Industry Update: Semi Cap Eqp - Check In Shows Broadening Order Stabilization Exiting 4Q15, With Firming Upstream Fundamentals It Foretells A Positive 1H16 Inflection
  • 11/16/15 Update Industry Update - Semiconductors & Semi Cap Equipment: Summarizing Changes In Stock Conviction
  • 11/03/15 Morning Note B. Riley AM Note: ACW, AMC, CKEC, COTY, EL, ELNK, FC, FN, GUID, HEAR, IVAC, KTOS, NLS, P, PBH, RTEC, TROX, TST, VIAV
  • 11/03/15 Update IVAC ($5.08, Neutral; $6.25 PT): Further Positive Sales Traction Leads To Beat/Raise; PT Is $6.25
  • 11/02/15 Update Industry Update - Semi Cap Equipment Week #4 Preview: Small Caps ACLS, BRKS, IVAC, And RTEC
  • 09/24/15 Update Semiconductor Capital Eqp: After A Solid Start Some Cautious Signals Late Quarter
  • 08/04/15 Update IVAC ($4.85; Neutral; $6.25 PT): Sales Drivers Gaining Some Traction, But Profitability Challenges Persist
  • 08/03/15 Morning Note B. Riley & Co. Morning Notes: BC, BOOT, CNK, CVU, EMKR, IIVI, LOV, NEWP, NWL, OCLR, ODP, PCTI, PG, PII, PRGO, PRMW, RNWK; August Focus List (CHKE, CONN, EMKR, GUID, ISIL, KTOS, NTRI, PRMW, RLD, RUBI, SRI), Semiconductors (EXAR, MCHP, NVDA), Semis & Cap Eqp (ACLS, BRKS, IVAC, KLIC, RTEC)
  • 08/03/15 Update B. Riley & Co. Industry Update: Semi Cap Equipment Week 4 Earnings Preview (ACLS, BRKS, IVAC, KLIC, RTEC)
  • 05/05/15 Morning Note B. Riley & Co. Morning Notes: CKEC, CL, CNK, COTY, CVU, DMD, ELNK, EMKR, FTD, FN, GRPN, IDSY, IVAC, KTOS, MWW, NEWP, NLS, ON, PCOM, RDEN, RNWK, ROVI, TST, TYL, UEIC; Household/Personal Care (AVP, CLX, KMB, NTRI, NWL, PG)
  • 05/05/15 Update IVAC ($5.10, Neutral; $6.25 PT): 1H15 Sidesteps HDD Downside, But 2H15 Uncertainty Persists
  • 05/04/15 Update Industry Update - Semi+Semi Cap Week #4 Preview: IVAC, KLIC, ACLS, AOSL, MCHP, And NVDA
  • 03/30/15 Update Industry Update: Semi And Capital Eqp - Reviewing Estimate Dynamics Into Earnings Preview Season
  • 03/20/15 Update Industry Update - Semi Cap Equipment Sector Update: Transfer of Coverage
  • 03/20/15 Morning Note B. Riley & Co. Morning Notes: III, IPAR, KTOS, MCS, SWKS, VNCE; Semi. Cap. Equipment (ACLS, CAMT, CSCD, COHU, FORM, IVAC, KLIC, RTEC, UTEK, XCRA)
  • 02/05/15 Update IVAC ($6.89, Neutral; $6.25 PT): Results And Outlook Weaker Than Expected; C15 Revenues Guided Flat
  • 02/05/15 Morning Note B. Riley & Co. Morning Notes: AFOP, API, AXTI, CACH, CLX, EXAR, FARM, FORM, IVAC, ODP, P, RNWK, SLAB, TROX, TXN, TYL, ZUMZ; Semiconductors
  • 01/30/15 Update IVAC ($6.68, Neutral; $6.75 PT): Earnings Preview: Uncertain System Timing Clouds Results/Outlook
  • 10/28/14 Morning Note B. Riley & Co. Morning Notes: CAMT, CSCD, CSGP, DCO, DLB, GIG, GPX, IVAC, JDSU, MRVL, NEWP, PRGX, RGC, SIMO, SNAK, SNDK, TREC, TYPE; Consumer Products Weekly, Media Earnings Preview, Semiconductors & Semi. Cap. Equipment Earnings Preview
  • 10/28/14 Update IVAC ($7.35, Neutral; $6.75 PT): 3Q Results Beat But 4Q Misses And C15 HDD Expectations Pushed Out
  • 10/22/14 Update IVAC ($7.84, Neutral; $7.25 PT): Earnings Preview – Expect In-Line 3Q14 Results; Maintain Neutral
  • 10/22/14 Morning Note B. Riley & Co. Morning Notes: ABTL, BC, BRCM, CTG, FTD, IVAC, JAKK, KMB, OSTK, SGGH, SIX, SUP, ZQK; Media (AMC, DLB, DWA, IMAX, OUTR, RGC)
  • 09/26/14 Update Industry Update: Semiconductor Capital Equipment – Checking In On Recent Small-Cap Universe Trends
  • 09/26/14 Morning Note B. Riley & Co. Morning Notes: ATNY, CONN, DTSI, FN, GME, SNDK, WTSL; Media (DWA, LGF, IMAX, RLD), Semi. Cap. Equipment (ASX, AMKR, ACLS, CAMT, CSCD, IMOS, COHU, FORM, IVAC, KLIC, RTEC, SPIL, XCRA, UTEK)
  • 09/18/14 Update IVAC ($6.83, Neutral; $7.25 PT): Timing Of HDD Capacity Expansion Remains Uncertain; Maintain Neutral
  • 09/18/14 Morning Note B. Riley & Co. Morning Notes: AAPL, AKAM, AXTI, DLB, EMKR, IVAC, PCOM, STMP, TIVO, VNCE; Semiconductors & Semi. Cap. Equipment (AOSL, ADI, EXAR, ISSI, ISIL, LLTC, MXIM, MCHP, ONNN, SMTC, TXN)
  • 08/15/14 Update Industry Update: Semiconductor Capital Equipment – Wrapping Up 2Q14 And Looking Ahead
  • 07/29/14 Morning Note B. Riley & Co. Morning Notes: AFOP, AKAM, COHU, CTP, DCO, FORM, GIG, GPX, IVAC, MOVE, NEWP, PLNR, PRGX, SIMO, SNAK, TREC, TYPE, YELP
  • 07/29/14 Update IVAC ($6.66, Neutral; $7.25 PT): 2Q14 Beats But Outlook Misses; C14 Revenues Lowered At High-End
  • 07/24/14 Morning Note B. Riley & Co. Morning Notes: ANGI, DCO, EGHT, IVAC, JAKK, MPX, SKX
  • 07/14/14 Update Industry Update - Semiconductor Capital Equipment: SEMICON West Highlights Continued Company Specific Improvements
  • 07/14/14 Morning Note B. Riley & Co. Morning Notes: DWA, MPAA, VOXX, YHOO; Semiconductors (ASML, INTC, KLAC, SNDK, SWKS), Semi. Cap. Equipment (ACLS, CAMT, COHU, CSCD, FORM, IVAC, RTEC, XCRA, UTEK)
  • 07/01/14 Morning Note B. Riley & Co. Morning Notes: API, DLB, DTSI; Consumer Products (AVP, EL, PG, RDEN), Focus List (CALD, CNVR, DECK, EMKR, GME, JAKK, KTOS, PRMW, REMY, SLAB, TIBX, TIVO), SEMICON West (ACLS, AMAT, ASML, BRKS, CAMT, CSCD, COHU, FORM, IVAC, KLAC, LRCX, MTSN)
  • 07/01/14 Update BIndustry Update - Semi. Cap. Equipment: Remain Positive On Industry Fundamentals Heading Into SEMICON West
  • 04/29/14 Morning Note B. Riley & Co. Morning Notes: ACW, AKAM, AXTI, BCOV, DCO, EXAR, FORM, GPX, IEC, IIVI, IVAC, JDSU, NEWP, NOW, OPLK, PPC, PRGX, RTEC, SIMO, SSI, SWKS, TIBX, TYPE, VCRA; Consumer Products Weekly
  • 04/29/14 Update IVAC ($8.32, Neutral; $7.50 PT): Company Continues To Evolve In The Absence Of HDD Orders
  • 04/21/14 Update IVAC ($8.92, Neutral; $7.50 PT): Preliminary Results Show Deep 2Q14 Revenue Trough; Maintain Neutral
  • 02/26/14 Morning Note B. Riley & Co. Morning Notes: ACCL, AMC, AXTI, CTG, DMD, DWA, EL, GPX, ISIL, IVAC, KLIC, LTXC, ODP, PRGX, RTEC, SHOO
  • 02/25/14 Initiation of Coverage IVAC ($7.63, Neutral; $7.50 PT): Initiating Coverage On Intevac With A Neutral Rating And $7.50 Target
  • 01/02/13 Update IVAC (Neutral; $16.50 PT): Discontinuation of Coverage
  • 11/19/12 Update IVAC (Neutral; $5.30 PT): CEO Resigns; Profits Unlikely to Return Until 2014; Maintain Neutral and Lowering PT from $5.75 to $5.30
  • 11/01/12 Update IVAC (Neutral; $5.75 PT): Weak HDD/Solar Spending, Widening Losses for FY13; Maintain Neutral, lowering PT from $6.50 to $5.75
  • 11/01/12 Morning Note B. Riley & Co. Morning Notes: ACCL, ACW, CALD, COHR, CWTR, DRCO, GSM, HOTT, IVAC, NEWP, NGNM, NLS, OFG, OPNT, PPC, SALM, UNTD, VCLK, ZUMZ, Focus List for the Month of November: AEO, ARAY, BBRG, BC, DRL, EMKR, KTOS, LIOX, PHH, SIX, TIVO, VECO, WWWW
  • 10/08/12 Morning Note B. Riley & Co. Morning Notes: ACW, Industry Update: Exhibitors (CKEC, CNK, IMAX, RLD, RGC), IVAC, OCLR, SRI, WTSLA
  • 10/08/12 Update IVAC (Neutral; $6.50 PT): 3Q Preview: Solar outlook weakens, widening FY13 losses; Maintain Neutral, lowering PT from $6.75 to $6.50
  • 08/01/12 Morning Note B. Riley & Co. Morning Notes: BBRG, CREE, CKEC, DENN, ELNK, FBP, Focus List for the Month of August (AEO, ARAY, BC, BWLD, DRL, EMKR, KTOS, PHH, PRGX, SIX, TIVO, VECO, WWWW), HOTT, IIVI, IVAC, KEYN, KSWS, NEWP, OCLR, PCTI, SSI, UEIC, VSAT, WTSLA, ZUMZ
  • 08/01/12 Update IVAC (Neutral; $6.75 PT): 2H demand drops-off for HDD, Solar and Photonics; Maintain Neutral, lowering PT from $7.50 to $6.75
  • 07/13/12 Morning Note B. Riley & Co. Morning Notes: CYN, CYS, GRPN, HAFC, IVAC, KTOS, RLD, TRIB, VSAT
  • 07/12/12 Update IVAC (Neutral; $7.50): Earnings Preview: Weak HDD spending could push out tool orders into 2013; downgrade to Neutral from Buy
  • 07/11/12 Morning Note B. Riley & Co. Morning Notes: CATY, CELL, CRNT, FCAL, Industry Update: Clean Energy Semiconductors (IVAC, VECO), PACW, SALM, SIMG, SQNS, ZUMZ
  • 07/11/12 Update Industry Update: Clean Energy Semiconductors - Macro Weakness Impacting 2H12 Semiconductor/HDD Spending Outlook
  • 07/05/12 Morning Note B. Riley & Co. Morning Notes: ANH, Industry Update: Clean Energy Semiconductors, RGC
  • 07/05/12 Update Industry Update: SEMICON 2012 Trade Show - The Latest Trends in Semiconductors, LEDs and Solar
  • 05/01/12 Morning Note B. Riley & Co. Morning Notes: ABTL, ACCL, AXTI, BIRT, DENN, GHDX, GPX, HOTT, IVAC, JDSU, KONA, LLNW, MCHX, NEWP, PACW, PCOM, PRGX, ROVI, SHOO, SNAK, TXRH, UMPQ, UNTD, VCLK, VECO, VRML, WTSLA, ZUMZ, Focus List for the Month of May
  • 05/01/12 Update IVAC (Buy; $10.00 PT): 1Q EPS upside as 2H12 HDD spending recovery drives growth; reiterate Buy
  • 04/24/12 Morning Note B. Riley & Co. Morning Notes: AFOP, AKAM, ANGI, BWLD, CAMP, CMO, CSGP, IVAC, NTCT, OFG
  • 04/24/12 Initiation of Coverage IVAC (Buy: $10.00 PT): HDD spending recovery in 2H12; Initiating coverage with a Buy rating and $10.00 PT