Intevac (NASDAQ:IVAC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the electronics maker’s stock.

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

Intevac Price Performance

NASDAQ:IVAC opened at $3.30 on Tuesday. The company has a market cap of $89.01 million, a P/E ratio of -10.00 and a beta of 0.74. The firm’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.46. Intevac has a one year low of $2.46 and a one year high of $4.57.

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 return on equity of 8.82% and a negative net margin of 13.55%. The company had revenue of $28.51 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Intevac in the third quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Intevac in the 2nd quarter valued at approximately $144,000. Squarepoint Ops LLC boosted its position in Intevac by 24.7% during the 2nd 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Intevac by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after buying an additional 10,013 shares during the period. Finally, RBF Capital LLC grew its holdings in Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares during the last quarter. Institutional investors own 60.27% of the company’s stock.

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.