Intevac, Inc. (NASDAQ:IVAC) Short Interest Down 6.6% in August

Intevac, Inc. (NASDAQ:IVAC) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 162,500 shares, a decrease of 6.6% from the August 15th total of 174,000 shares. Based on an average daily volume of 108,900 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Intevac

Several large investors have recently bought and sold shares of IVAC. Firsthand Capital Management Inc. bought a new stake in shares of Intevac during the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets increased its holdings in Intevac by 42.9% in the 1st 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Intevac during the second quarter valued at about $144,000. Squarepoint Ops LLC grew its holdings in shares of Intevac by 24.7% during the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after purchasing an additional 13,144 shares during the last quarter. Finally, Aristides Capital LLC increased its stake in shares of Intevac by 44.0% in the fourth quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock valued at $346,000 after buying an additional 24,462 shares during the period. 60.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research note on Friday, September 6th.

Intevac Trading Down 2.4 %

NASDAQ IVAC opened at $3.27 on Thursday. The firm’s 50 day simple moving average is $3.65 and its 200 day simple moving average is $3.82. The firm has a market capitalization of $86.93 million, a price-to-earnings ratio of -8.61 and a beta of 0.80. Intevac has a 1 year low of $3.07 and a 1 year high of $4.57.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, August 5th. The electronics maker reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.53 million for the quarter. During the same period in the prior year, the business posted ($0.19) EPS.

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.