Intevac (NASDAQ:IVAC) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the electronics maker’s stock.

Intevac Stock Down 3.1 %

NASDAQ IVAC opened at $3.25 on Wednesday. The firm has a market cap of $87.52 million, a P/E ratio of -10.48 and a beta of 0.79. Intevac has a 52-week low of $3.23 and a 52-week high of $4.57. The business’s 50-day moving average price is $3.42 and its 200 day moving average price is $3.73.

Intevac (NASDAQ:IVAC) last announced its earnings results on Monday, August 5th. The electronics maker reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.09. Intevac had a negative return on equity of 6.80% and a negative net margin of 15.08%. The company had revenue of $14.53 million for the quarter. During the same quarter last year, the business posted ($0.19) earnings per share.

Institutional Trading of Intevac

Several hedge funds and other institutional investors have recently made changes to their positions in IVAC. BNP Paribas Financial Markets raised its holdings in Intevac by 42.9% during the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 3,452 shares in the last quarter. Teton Advisors Inc. increased its position in Intevac by 1.5% during the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock worth $1,171,000 after purchasing an additional 4,500 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Intevac by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock worth $2,155,000 after buying an additional 5,800 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after buying an additional 6,406 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Intevac by 24.7% in the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after buying an additional 13,144 shares in the last quarter. Hedge funds and other 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.