StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

Analysts at StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the electronics maker’s stock.

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

Intevac Stock Down 0.3 %

Shares of NASDAQ IVAC opened at $3.29 on Tuesday. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.57. The business has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $3.46. The firm has a market cap of $88.74 million, a PE ratio of -9.97 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $28.51 million during the quarter. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%.

Institutional Investors Weigh In On Intevac

A number of institutional investors have recently made changes to their positions in IVAC. Royce & Associates LP lifted its stake in Intevac by 1.2% during 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 during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Intevac by 7.1% during the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after purchasing an additional 36,600 shares during the period. Geode Capital Management LLC lifted its position in shares of Intevac by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after buying an additional 8,063 shares during the last quarter. Acuitas Investments LLC boosted its holdings 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 valued at $1,101,000 after buying an additional 101,344 shares during the period. Finally, RBF Capital LLC grew its position in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock valued at $753,000 after buying an additional 13,777 shares during the last quarter. 60.27% of the stock is currently owned by institutional investors.

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.