Intevac (NASDAQ:IVAC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research report issued on Friday. The firm set a “hold” rating on the electronics maker’s stock.

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

Intevac Stock Up 4.7 %

IVAC stock opened at $2.65 on Friday. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57. The stock has a market cap of $71.47 million, a P/E ratio of -8.03 and a beta of 0.79. The business’s 50-day moving average price is $3.28 and its 200-day moving average price is $3.63.

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

Institutional Trading of Intevac

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. BNP Paribas Financial Markets raised its stake in Intevac by 42.9% during the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 3,452 shares during the period. Vanguard Group Inc. increased its stake in Intevac by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after acquiring an additional 83,958 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock worth $2,155,000 after acquiring an additional 5,800 shares during the last quarter. Gabelli Funds LLC increased its stake in Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock worth $1,379,000 after acquiring an additional 6,406 shares during the last quarter. Finally, Acuitas Investments LLC increased its stake in 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 during the last quarter. Institutional investors own 60.27% of the company’s stock.

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.