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

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research report released on Sunday. The brokerage issued a hold rating on the electronics maker’s stock.

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

Intevac Trading Up 2.6 %

Intevac stock opened at $2.80 on Friday. The stock has a 50-day moving average price of $3.12 and a two-hundred day moving average price of $3.51. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The company has a market capitalization of $75.52 million, a PE ratio of -8.48 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%. The business had revenue of $28.51 million during the quarter.

Hedge Funds Weigh In On Intevac

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acuitas Investments LLC raised its position in shares of Intevac by 55.1% in the 2nd quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock worth $1,101,000 after acquiring an additional 101,344 shares in the last quarter. Vanguard Group Inc. increased its holdings in Intevac by 6.6% in the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after purchasing an additional 83,958 shares in the last quarter. Royce & Associates LP lifted its stake in Intevac by 1.2% in the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after buying an additional 43,052 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Intevac during the 2nd quarter worth approximately $144,000. Finally, Renaissance Technologies LLC grew its position in shares of Intevac by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after buying an additional 36,600 shares during the period. 60.27% of the stock is owned by institutional investors and hedge funds.

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.