Intevac (NASDAQ:IVAC) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Intevac (NASDAQ:IVACGet Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the electronics maker’s stock.

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

View Our Latest Stock Report on IVAC

Intevac Stock Up 0.2 %

Shares of IVAC stock opened at $4.02 on Wednesday. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The company has a market capitalization of $109.22 million, a P/E ratio of -12.18 and a beta of 0.65. The firm has a 50-day moving average price of $3.63 and a 200 day moving average price of $3.38.

Institutional Investors Weigh In On Intevac

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its position in shares of Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after buying an additional 7,180 shares during the period. XTX Topco Ltd acquired a new stake in shares of Intevac during the 3rd quarter worth approximately $49,000. Boothbay Fund Management LLC grew its position in shares of Intevac by 49.2% during the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after buying an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Intevac by 32.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after buying an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC grew its holdings in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after purchasing an additional 14,888 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Company Profile

(Get Free Report)

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.

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