Intevac (NASDAQ:IVAC) Cut to Sell at StockNews.com

StockNews.com cut shares of Intevac (NASDAQ:IVAC) from a hold rating to a sell rating in a research report released on Friday.

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

Intevac Stock Up 0.2 %

IVAC stock opened at $4.04 on Friday. The firm has a market capitalization of $108.96 million, a PE ratio of -12.24 and a beta of 0.65. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42. The stock has a 50-day simple moving average of $3.43 and a two-hundred day simple moving average of $3.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of Intevac during the third quarter worth about $49,000. Boothbay Fund Management LLC grew its holdings in shares of Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after purchasing an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Intevac by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after purchasing an additional 9,700 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Intevac during the fourth quarter worth about $321,000. Hedge funds and other 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.