Kennedy Capital Management LLC Sells 28,309 Shares of Intevac, Inc. (NASDAQ:IVAC)

Kennedy Capital Management LLC lessened its position in shares of Intevac, Inc. (NASDAQ:IVAC) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 577,788 shares of the electronics maker’s stock after selling 28,309 shares during the period. Kennedy Capital Management LLC owned approximately 2.17% of Intevac worth $2,219,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Intevac by 28.2% in the fourth quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after buying an additional 3,114 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Intevac by 42.9% in the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after buying an additional 3,452 shares in the last quarter. Teton Advisors Inc. raised its position in shares of Intevac by 1.5% in the first quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after buying an additional 4,500 shares in the last quarter. Firsthand Capital Management Inc. acquired a new stake in shares of Intevac in the fourth quarter valued at approximately $25,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Intevac by 1.0% in the first quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock valued at $2,155,000 after buying an additional 5,800 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research report on Saturday.

Intevac Stock Up 0.5 %

IVAC traded up $0.02 during trading on Wednesday, hitting $3.78. 2,861 shares of the stock traded hands, compared to its average volume of 91,218. Intevac, Inc. has a twelve month low of $3.07 and a twelve month high of $4.57. The business has a 50 day moving average price of $3.89 and a 200 day moving average price of $3.94.

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.