Intevac (NASDAQ:IVAC) Raised to “Hold” at StockNews.com

Intevac (NASDAQ:IVAC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Intevac Price Performance

Intevac stock opened at $3.83 on Tuesday. Intevac has a fifty-two week low of $3.07 and a fifty-two week high of $4.57. The firm has a market capitalization of $101.80 million, a price-to-earnings ratio of -10.08 and a beta of 0.82. The company’s 50 day simple moving average is $3.99 and its 200 day simple moving average is $4.00.

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

Hedge Funds Weigh In On Intevac

A number of institutional investors have recently added to or reduced their stakes in the company. Firsthand Capital Management Inc. bought a new stake in shares of Intevac during the 4th quarter valued at $25,000. BNP Paribas Financial Markets lifted its position in Intevac by 42.9% during the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 3,452 shares during the period. SG Americas Securities LLC grew 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 worth $61,000 after buying an additional 3,114 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Intevac during the fourth quarter worth about $142,000. Finally, Aristides Capital LLC increased its holdings 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 period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.