Intevac (NASDAQ:IVAC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Intevac, Inc. (NASDAQ:IVAC) 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 traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Intevac in a report on Saturday. They issued a “sell” rating on the stock.

Intevac Stock Performance

The firm has a market capitalization of $108.40 million, a P/E ratio of -12.09 and a beta of 0.62. The firm has a 50 day simple moving average of $3.82 and a two-hundred day simple moving average of $3.44.

Intevac Announces Dividend

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

Hedge Funds Weigh In On Intevac

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in shares of Intevac by 203.2% during 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 last quarter. XTX Topco Ltd bought a new position in Intevac during the third quarter valued at $49,000. Boothbay Fund Management LLC increased its position in Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after buying an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Intevac by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after buying an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC lifted its position in shares of Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after buying an additional 14,888 shares during the last quarter. 60.27% of the stock is 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.