Royce & Associates LP Lowers Position in Intevac, Inc. (NASDAQ:IVAC)

Royce & Associates LP reduced its position in shares of Intevac, Inc. (NASDAQ:IVAC) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,499,633 shares of the electronics maker’s stock after selling 46,264 shares during the period. Royce & Associates LP owned approximately 0.13% of Intevac worth $11,899,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IVAC. XTX Topco Ltd acquired a new stake in shares of Intevac in the 3rd quarter valued at approximately $49,000. Marquette Asset Management LLC raised its position in Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 14,888 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after acquiring an additional 10,013 shares during the period. RBF Capital LLC boosted its position in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after purchasing an additional 13,777 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,063 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Price Performance

NASDAQ IVAC opened at $4.03 on Tuesday. Intevac, Inc. has a 1-year low of $2.46 and a 1-year high of $4.42. The company has a market capitalization of $109.49 million, a P/E ratio of -12.21 and a beta of 0.62. The business has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.41.

Intevac Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.052 dividend. Intevac’s dividend payout ratio is currently -60.61%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Intevac in a report on Thursday, March 13th. They set a “sell” rating on the stock.

About Intevac

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.