Intevac (NASDAQ:IVAC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a research report report published on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

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

Intevac Stock Up 1.7 %

Shares of IVAC opened at $3.51 on Wednesday. The company has a market capitalization of $94.68 million, a P/E ratio of -10.64 and a beta of 0.66. Intevac has a twelve month low of $2.46 and a twelve month high of $4.51. The firm has a 50 day moving average of $3.05 and a 200 day moving average of $3.44.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The firm had revenue of $28.51 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its stake in shares of Intevac by 1.2% during the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after acquiring an additional 43,052 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Intevac by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after purchasing an additional 36,600 shares during the period. Geode Capital Management LLC raised its holdings in Intevac by 2.9% in 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. Acuitas Investments LLC lifted its position in Intevac by 55.1% during the second quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after purchasing an additional 101,344 shares in the last quarter. Finally, RBF Capital LLC grew its holdings in Intevac by 6.6% during the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock valued at $753,000 after purchasing an additional 13,777 shares during the period. Institutional investors 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.