Intevac (NASDAQ:IVAC) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVAC) from a sell rating to a hold rating in a report published on Saturday morning.

Intevac Stock Up 0.5 %

Shares of IVAC opened at $3.69 on Friday. The stock’s fifty day simple moving average is $3.90 and its 200 day simple moving average is $3.94. Intevac has a twelve month low of $3.07 and a twelve month 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 for the quarter. The firm 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 Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Intevac by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after purchasing an additional 83,958 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock valued at $2,155,000 after purchasing an additional 5,800 shares in the last quarter. Palogic Value Management L.P. increased its holdings in Intevac by 22.1% in 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 holdings in Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after purchasing an additional 6,406 shares in the last quarter. Finally, Teton Advisors Inc. increased its holdings in Intevac by 1.5% in the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after purchasing an additional 4,500 shares in the last quarter. 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.