Intevac, Inc. (NASDAQ:IVAC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Intevac, Inc. (NASDAQ:IVAC) by 2.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 287,163 shares of the electronics maker’s stock after purchasing an additional 8,063 shares during the period. Geode Capital Management LLC owned 1.06% of Intevac worth $977,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Intevac during the third quarter worth $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac during the second quarter worth about $144,000. Squarepoint Ops LLC boosted its stake in Intevac by 24.7% in the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after acquiring an additional 13,144 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 10,013 shares during the last quarter. Finally, RBF Capital LLC raised 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 worth $753,000 after purchasing an additional 13,777 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on IVAC. Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com assumed coverage on shares of Intevac in a report on Wednesday, January 1st. They set a “hold” rating for the company.

Intevac Trading Down 1.1 %

NASDAQ IVAC opened at $3.53 on Friday. The company has a 50-day moving average price of $3.08 and a two-hundred day moving average price of $3.42. The stock has a market cap of $95.21 million, a price-to-earnings ratio of -10.70 and a beta of 0.66. Intevac, Inc. has a 52 week low of $2.46 and a 52 week high of $4.51.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate 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%.

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.