Intevac (NASDAQ:IVAC) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the electronics maker’s stock.

Separately, Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th.

Intevac Price Performance

Intevac stock opened at $2.75 on Friday. The business has a 50 day simple moving average of $3.10 and a 200-day simple moving average of $3.50. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The stock has a market capitalization of $74.17 million, a PE ratio of -8.33 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $28.51 million during the quarter. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%.

Institutional Investors Weigh In On Intevac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after buying an additional 10,013 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Intevac by 24.7% during the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after buying an additional 13,144 shares in the last quarter. RBF Capital LLC grew its position in Intevac by 6.6% during the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after buying an additional 13,777 shares during the period. Finally, XTX Topco Ltd purchased a new position in Intevac in the third quarter valued at about $49,000. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Company Profile

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.