Intevac (NASDAQ:IVAC) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVAC) from a sell rating to a hold rating in a research note released on Saturday morning.

Intevac Trading Up 1.4 %

Shares of NASDAQ:IVAC opened at $3.74 on Friday. The company has a fifty day simple moving average of $3.89 and a 200 day simple moving average of $3.94. The firm has a market cap of $99.41 million, a PE ratio of -9.84 and a beta of 0.82. Intevac has a 12-month low of $3.07 and a 12-month high of $4.57.

Institutional Trading of Intevac

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Intevac by 3.0% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 256,911 shares of the electronics maker’s stock valued at $1,110,000 after purchasing an additional 7,400 shares during the last quarter. GSA Capital Partners LLP increased its stake in Intevac by 94.2% during the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after purchasing an additional 54,060 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Intevac by 42.9% during the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 3,452 shares during the last quarter. Acuitas Investments LLC bought a new stake in Intevac during the fourth quarter valued at $710,000. Finally, SG Americas Securities LLC increased its stake in Intevac by 28.2% during the fourth quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after purchasing an additional 3,114 shares during the last quarter. Institutional investors own 60.27% of the company’s 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.