Intevac, Inc. (NASDAQ:IVAC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 70.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,211 shares of the electronics maker’s stock after selling 19,511 shares during the period. JPMorgan Chase & Co.’s holdings in Intevac were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IVAC. Geode Capital Management LLC boosted its holdings in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after buying an additional 8,063 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 valued at $382,000 after acquiring an additional 10,013 shares during the period. Squarepoint Ops LLC boosted its stake in shares of 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 acquiring an additional 13,144 shares in the last quarter. RBF Capital LLC grew its holdings in shares of Intevac by 6.6% in 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 period. Finally, XTX Topco Ltd purchased a new position in Intevac in the 3rd quarter valued at approximately $49,000. 60.27% of the stock is owned by institutional investors and hedge funds.

Intevac Price Performance

Shares of NASDAQ IVAC opened at $3.34 on Wednesday. The firm’s 50-day moving average is $3.29 and its two-hundred day moving average is $3.36. The company has a market capitalization of $90.08 million, a PE ratio of -10.12 and a beta of 0.65. Intevac, Inc. has a 12-month low of $2.46 and a 12-month high of $4.42.

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 the consensus estimate of ($0.15) by $0.07. The firm had revenue of $28.51 million during the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Analyst Upgrades and Downgrades

A number of research firms have commented on IVAC. Benchmark reiterated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com began coverage on Intevac in a research note on Wednesday, January 1st. They set a “hold” rating for the company.

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.