Intevac (NASDAQ:IVAC) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Intevac (NASDAQ:IVAC) from a hold rating to a sell rating in a research report report published on Monday.

Intevac Trading Up 1.7 %

Shares of NASDAQ:IVAC opened at $4.22 on Monday. The company has a 50 day moving average of $3.99 and a 200-day moving average of $4.01. The firm has a market cap of $112.17 million, a P/E ratio of -11.11 and a beta of 0.77. Intevac has a twelve month low of $3.07 and a twelve month high of $4.57.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. The company 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%.

Institutional Trading of Intevac

A number of institutional investors have recently made changes to their positions in IVAC. Potomac Capital Management Inc. lifted its stake in Intevac by 48.6% during the third 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 last quarter. SG Americas Securities LLC lifted its stake in Intevac by 28.2% during the fourth quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after purchasing an additional 3,114 shares during the last quarter. Acuitas Investments LLC acquired a new stake in Intevac during the fourth quarter valued at approximately $710,000. Marquette Asset Management LLC acquired a new stake in Intevac during the fourth quarter valued at approximately $142,000. Finally, Gabelli Funds LLC lifted its stake in Intevac by 11.2% during the fourth quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker’s stock valued at $1,524,000 after purchasing an additional 35,628 shares during the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

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.