Intevac, Inc. (NASDAQ:IVAC) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its stake in Intevac, Inc. (NASDAQ:IVAC) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,545,897 shares of the electronics maker’s stock after acquiring an additional 43,052 shares during the period. Royce & Associates LP owned 13.17% of Intevac worth $12,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC boosted its position in shares of Intevac by 24.7% during the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after buying an additional 13,144 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Intevac by 42.9% in the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after buying an additional 3,452 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Intevac in the second quarter valued at $144,000. Vanguard Group Inc. increased its holdings in shares of Intevac by 6.6% in the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after buying an additional 83,958 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Intevac by 7.1% in the second 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. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Intevac in a research note on Thursday. They set a “hold” rating on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Stock Performance

Shares of NASDAQ:IVAC opened at $2.58 on Friday. The stock has a market capitalization of $69.59 million, a PE ratio of -7.82 and a beta of 0.79. Intevac, Inc. has a 1 year low of $2.46 and a 1 year high of $4.57. The firm has a fifty day moving average price of $3.33 and a 200 day moving average price of $3.67.

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

Intevac 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.