Intevac (NASDAQ:IVAC) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the electronics maker’s stock.

Intevac Price Performance

Shares of NASDAQ IVAC opened at $3.99 on Friday. The stock has a market capitalization of $108.40 million, a PE ratio of -12.09 and a beta of 0.62. Intevac has a one year low of $2.46 and a one year high of $4.42. The business’s fifty day moving average price is $3.82 and its 200-day moving average price is $3.44.

Institutional Investors Weigh In On Intevac

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Intevac by 7.8% during the 4th quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock worth $2,108,000 after purchasing an additional 44,804 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Intevac by 13.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock worth $2,007,000 after buying an additional 71,100 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Intevac in the fourth quarter valued at approximately $1,562,000. Gabelli Funds LLC grew its stake in Intevac by 1.9% during the fourth quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock valued at $1,079,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after acquiring an additional 8,063 shares during the period. Institutional investors own 60.27% of the company’s stock.

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.