14,429 Shares in Intevac, Inc. (NASDAQ:IVAC) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Intevac, Inc. (NASDAQ:IVAC) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,429 shares of the electronics maker’s stock, valued at approximately $49,000. XTX Topco Ltd owned approximately 0.05% of Intevac as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IVAC. Point72 Asia Singapore Pte. Ltd. purchased a new position in Intevac during the 2nd quarter valued at about $144,000. Squarepoint Ops LLC lifted 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 valued at $256,000 after purchasing an additional 13,144 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $382,000 after purchasing an additional 10,013 shares in the last quarter. RBF Capital LLC grew its stake in shares of Intevac by 6.6% in the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after buying an additional 13,777 shares during the last quarter. Finally, Acuitas Investments LLC increased its position in Intevac by 55.1% during the 2nd quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after buying an additional 101,344 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on IVAC. StockNews.com initiated coverage on Intevac in a report on Monday, December 16th. They issued a “hold” rating on the stock. Benchmark reiterated a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Stock Performance

Shares of NASDAQ IVAC opened at $3.26 on Monday. The firm’s 50 day moving average price is $3.08 and its 200-day moving average price is $3.47. Intevac, Inc. has a 52-week low of $2.46 and a 52-week high of $4.57. The company has a market cap of $87.93 million, a PE ratio of -9.88 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million for the quarter.

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.