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

StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued to investors on Tuesday. The brokerage issued a sell rating on the electronics maker’s stock.

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

Intevac Stock Up 0.2 %

Shares of NASDAQ:IVAC opened at $4.04 on Tuesday. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42. The stock’s 50 day moving average is $3.54 and its 200-day moving average is $3.37. The firm has a market capitalization of $109.76 million, a price-to-earnings ratio of -12.24 and a beta of 0.65.

Intevac Dividend Announcement

The company also recently declared a — dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Intevac’s payout ratio is -60.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its stake in Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 7,180 shares during the period. XTX Topco Ltd purchased a new position in shares of Intevac during the 3rd quarter valued at about $49,000. Boothbay Fund Management LLC raised its holdings in shares of Intevac by 49.2% during the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after buying an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Intevac by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after purchasing an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC increased its stake in Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during the period. Institutional investors own 60.27% of the company’s stock.

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.