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

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a report issued on Friday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Trading Up 0.2 %

NASDAQ IVAC opened at $4.04 on Friday. The firm’s fifty day simple moving average is $3.76 and its two-hundred day simple moving average is $3.42. The firm has a market capitalization of $109.76 million, a P/E ratio of -12.24 and a beta of 0.62. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42.

Institutional Investors Weigh In On Intevac

A number of large investors have recently modified their holdings of IVAC. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 10,013 shares during the last quarter. Geode Capital Management LLC increased its stake in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after purchasing an additional 8,063 shares in the last quarter. XTX Topco Ltd acquired a new position in Intevac during the 3rd quarter valued at approximately $49,000. Marquette Asset Management LLC raised its holdings in shares of Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Intevac during the fourth quarter worth $1,562,000. Hedge funds and other 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.