Intevac, Inc. (IVAC) Forms $6.80 Double Bottom; Westlake Chemical (WLK) Sentiment Is 1.38

February 1, 2018 - By Jerrie Dane

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.54 billion. It operates through two divisions, Olefins and Vinyls. It has a 24.37 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

Intevac, Inc. (IVAC) formed double bottom with $6.46 target or 5.00% below today’s $6.80 share price. Intevac, Inc. (IVAC) has $148.17M valuation. The stock decreased 0.73% or $0.05 during the last trading session, reaching $6.8. About 160,000 shares traded or 43.37% up from the average. Intevac, Inc. (NASDAQ:IVAC) has risen 164.58% since February 1, 2017 and is uptrending. It has outperformed by 147.88% the S&P500.

Among 9 analysts covering Intevac Inc (NASDAQ:IVAC), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Intevac Inc had 17 analyst reports since November 3, 2015 according to SRatingsIntel. Maxim Group upgraded the shares of IVAC in report on Tuesday, May 3 to “Buy” rating. The stock of Intevac, Inc. (NASDAQ:IVAC) has “Outperform” rating given on Tuesday, December 8 by Northland Capital. As per Tuesday, August 1, the company rating was maintained by B. Riley & Co. Maxim Group maintained Intevac, Inc. (NASDAQ:IVAC) on Friday, October 27 with “Buy” rating. The firm has “Hold” rating given on Thursday, February 2 by Benchmark. The stock of Intevac, Inc. (NASDAQ:IVAC) earned “Buy” rating by TH Capital on Tuesday, January 5. The firm has “Buy” rating by Maxim Group given on Tuesday, August 1. The firm earned “Buy” rating on Tuesday, November 3 by Noble. The stock of Intevac, Inc. (NASDAQ:IVAC) earned “Hold” rating by Benchmark on Tuesday, August 1. Benchmark upgraded Intevac, Inc. (NASDAQ:IVAC) on Wednesday, June 8 to “Buy” rating.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.70, from 1.89 in 2017Q2. It worsened, as 10 investors sold Intevac, Inc. shares while 21 reduced holdings. 16 funds opened positions while 21 raised stakes. 15.18 million shares or 0.96% more from 15.04 million shares in 2017Q2 were reported. The New York-based Qs Investors Limited Liability Corporation has invested 0.01% in Intevac, Inc. (NASDAQ:IVAC). Blackrock, a New York-based fund reported 1.44 million shares. Dimensional Fund Advisors Lp holds 0% of its portfolio in Intevac, Inc. (NASDAQ:IVAC) for 869,615 shares. Essex Mgmt Lc holds 0.23% of its portfolio in Intevac, Inc. (NASDAQ:IVAC) for 201,247 shares. Northern Corporation has invested 0% in Intevac, Inc. (NASDAQ:IVAC). Spark Investment Mgmt Llc holds 0.03% or 55,900 shares in its portfolio. State Street Corp owns 0% invested in Intevac, Inc. (NASDAQ:IVAC) for 251,178 shares. Jacobs Levy Equity Mngmt holds 0% of its portfolio in Intevac, Inc. (NASDAQ:IVAC) for 14,300 shares. Aqr Capital Mgmt Limited Liability Co owns 235,755 shares for 0% of their portfolio. Cornerstone Cap Mgmt Hldgs Ltd Com holds 0% or 25,700 shares in its portfolio. The Massachusetts-based Bogle Inv Mgmt Limited Partnership De has invested 0.04% in Intevac, Inc. (NASDAQ:IVAC). Ameritas Prtnrs stated it has 1,706 shares. Gsa Cap Partners Llp stated it has 37,602 shares. Virtu Financial Limited Co holds 0% in Intevac, Inc. (NASDAQ:IVAC) or 11,613 shares. 32,000 are held by California State Teachers Retirement System.

Analysts await Intevac, Inc. (NASDAQ:IVAC) to report earnings on February, 7. They expect $-0.06 EPS, down 146.15% or $0.19 from last year’s $0.13 per share. After $0.04 actual EPS reported by Intevac, Inc. for the previous quarter, Wall Street now forecasts -250.00% negative EPS growth.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.64 earnings per share, up 88.51% or $0.77 from last year’s $0.87 per share. WLK’s profit will be $211.73 million for 17.16 P/E if the $1.64 EPS becomes a reality. After $1.65 actual earnings per share reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -0.61% negative EPS growth.

Robotti Robert holds 6.13% of its portfolio in Westlake Chemical Corporation for 268,903 shares. Marvin & Palmer Associates Inc owns 29,185 shares or 2.98% of their US portfolio. Moreover, Price Michael F has 2.59% invested in the company for 225,000 shares. The Illinois-based Anchor Bolt Capital Lp has invested 2.33% in the stock. Sprott Inc., a Ontario – Canada-based fund reported 100,500 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $968,620 activity.