Intevac (NASDAQ:IVAC) Shares Cross Above 200 Day Moving Average – Here’s Why

Intevac, Inc. (NASDAQ:IVAC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.44 and traded as high as $4.00. Intevac shares last traded at $3.99, with a volume of 71,508 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Intevac in a research note on Saturday. They issued a “sell” rating on the stock.

Intevac Stock Down 0.2 %

The stock’s 50 day moving average is $3.82 and its two-hundred day moving average is $3.44. The company has a market capitalization of $108.40 million, a PE ratio of -12.09 and a beta of 0.62.

Intevac Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac’s dividend payout ratio (DPR) is -60.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IVAC. Peapod Lane Capital LLC purchased a new position in Intevac in the fourth quarter valued at about $1,562,000. Marshall Wace LLP bought a new position in shares of Intevac during the 4th quarter worth approximately $321,000. Gamco Investors INC. ET AL lifted its position in Intevac by 13.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock valued at $2,007,000 after acquiring an additional 71,100 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Intevac by 7.8% in the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after acquiring an additional 44,804 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Intevac by 11.3% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 277,390 shares of the electronics maker’s stock worth $943,000 after purchasing an additional 28,200 shares in the last quarter. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

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.