Intevac, Inc. (NASDAQ:IVAC) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. trimmed its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,500 shares of the electronics maker’s stock after selling 16,500 shares during the quarter. Teton Advisors Inc. owned about 1.14% of Intevac worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Intevac in the 3rd quarter valued at approximately $34,000. Gamco Investors INC. ET AL increased its position in shares of Intevac by 41.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock valued at $1,718,000 after purchasing an additional 160,935 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Intevac by 59.8% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 249,511 shares of the electronics maker’s stock valued at $776,000 after purchasing an additional 93,400 shares during the period. Gabelli Funds LLC increased its position in shares of Intevac by 44.2% during the 3rd quarter. Gabelli Funds LLC now owns 317,052 shares of the electronics maker’s stock valued at $986,000 after purchasing an additional 97,254 shares during the period. Finally, Potomac Capital Management Inc. increased its position in shares of Intevac by 48.6% during the 3rd quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock valued at $809,000 after purchasing an additional 85,000 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Intevac Stock Performance

Shares of IVAC stock traded up $0.02 during mid-day trading on Tuesday, hitting $4.23. 79,385 shares of the stock traded hands, compared to its average volume of 70,927. Intevac, Inc. has a twelve month low of $3.07 and a twelve month high of $6.48. The firm has a market cap of $112.43 million, a price-to-earnings ratio of -11.13 and a beta of 0.73. The company’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.91.

Intevac (NASDAQ:IVAC) last issued its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. The business had revenue of $9.63 million during the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%.

Analyst Ratings Changes

Separately, StockNews.com cut Intevac from a “hold” rating to a “sell” rating in a research report on Friday.

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.