Marquette Asset Management LLC Purchases Shares of 32,777 Intevac, Inc. (NASDAQ:IVAC)

Marquette Asset Management LLC acquired a new position in shares of Intevac, Inc. (NASDAQ:IVAC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,777 shares of the electronics maker’s stock, valued at approximately $142,000. Marquette Asset Management LLC owned about 0.12% of Intevac at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IVAC. SG Americas Securities LLC acquired a new position in Intevac during the third quarter valued at approximately $34,000. Acuitas Investments LLC bought a new position in shares of Intevac in the fourth quarter valued at $710,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Intevac by 59.8% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 249,511 shares of the electronics maker’s stock worth $776,000 after buying an additional 93,400 shares during the last quarter. Potomac Capital Management Inc. increased its holdings in Intevac by 48.6% during the third quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock worth $809,000 after buying an additional 85,000 shares during the last quarter. Finally, Teton Advisors Inc. raised its position in Intevac by 3.3% during the third quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Intevac from a “hold” rating to a “sell” rating in a research note on Friday.

Intevac Stock Performance

Shares of IVAC traded up $0.30 during mid-day trading on Friday, reaching $4.39. The company’s stock had a trading volume of 177,033 shares, compared to its average volume of 86,475. Intevac, Inc. has a 1-year low of $3.07 and a 1-year high of $6.48. The business has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $3.89.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%. The business had revenue of $9.63 million during the quarter.

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.