Intevac (NASDAQ:IVAC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

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

Intevac Trading Up 1.7 %

Intevac stock opened at $3.51 on Wednesday. Intevac has a 1-year low of $2.46 and a 1-year high of $4.51. The firm has a market capitalization of $94.68 million, a PE ratio of -10.64 and a beta of 0.66. The firm’s 50 day simple moving average is $3.05 and its 200 day simple moving average is $3.44.

Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping 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 during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Acuitas Investments LLC raised its position in shares of 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 in the last quarter. Royce & Associates LP raised its holdings in Intevac by 1.2% in the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after purchasing an additional 43,052 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Intevac during the second quarter valued at $144,000. Renaissance Technologies LLC boosted its holdings in shares of Intevac by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock valued at $2,124,000 after buying an additional 36,600 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Intevac during the 3rd quarter valued at $49,000. 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.