State Street Corp Lowers Holdings in Intevac, Inc. (NASDAQ:IVAC)

State Street Corp decreased its holdings in Intevac, Inc. (NASDAQ:IVAC) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,386 shares of the electronics maker’s stock after selling 19,000 shares during the period. State Street Corp owned 0.35% of Intevac worth $321,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP boosted its stake in Intevac by 1.2% in the 3rd 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 period. Renaissance Technologies LLC boosted its position 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 acquiring an additional 36,600 shares during the last quarter. Acuitas Investments LLC grew its stake in Intevac by 55.1% during the second quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after acquiring an additional 101,344 shares in the last quarter. RBF Capital LLC increased its holdings in Intevac by 6.6% in the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock valued at $753,000 after acquiring an additional 13,777 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after purchasing an additional 10,013 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com assumed coverage on Intevac in a research report on Wednesday. They set a “hold” rating for the company.

Intevac Trading Up 1.7 %

Shares of NASDAQ IVAC opened at $3.51 on Friday. Intevac, Inc. has a 12-month low of $2.46 and a 12-month high of $4.51. The firm’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.44. The stock has a market capitalization of $94.68 million, a price-to-earnings ratio of -10.64 and a beta of 0.66.

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, beating analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $28.51 million for the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

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.