Intevac, Inc. (NASDAQ:IVAC) Shares Sold by Penbrook Management LLC

Penbrook Management LLC lowered its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,835 shares of the electronics maker’s stock after selling 9,050 shares during the period. Penbrook Management LLC owned approximately 0.61% of Intevac worth $625,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in IVAC. Acuitas Investments LLC acquired a new position in Intevac during the 4th quarter worth approximately $710,000. Palogic Value Management L.P. grew its holdings in Intevac by 22.1% during the 4th quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock valued at $1,609,000 after purchasing an additional 67,457 shares in the last quarter. Gabelli Funds LLC increased its stake in Intevac by 11.2% during the 4th quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker’s stock worth $1,524,000 after buying an additional 35,628 shares during the period. Marquette Asset Management LLC acquired a new position in Intevac in the 4th quarter worth $142,000. Finally, Aristides Capital LLC boosted its position in Intevac by 44.0% in the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock valued at $346,000 after buying an additional 24,462 shares during the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

Intevac Stock Down 0.3 %

Shares of NASDAQ:IVAC traded down $0.01 during midday trading on Tuesday, reaching $3.82. The company had a trading volume of 34,927 shares, compared to its average volume of 95,672. The stock’s fifty day moving average price is $3.99 and its 200-day moving average price is $4.00. Intevac, Inc. has a one year low of $3.07 and a one year high of $4.57.

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

Analysts Set New Price Targets

Separately, StockNews.com raised Intevac from a “sell” rating to a “hold” rating in a report on Tuesday.

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.