Intevac, Inc. (NASDAQ:IVAC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in Intevac, Inc. (NASDAQ:IVAC) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,545 shares of the electronics maker’s stock after selling 16,670 shares during the period. Jane Street Group LLC owned 0.11% of Intevac worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IVAC. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Intevac in the 2nd quarter valued at about $144,000. Squarepoint Ops LLC boosted its position in shares of Intevac by 24.7% in the second 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Intevac by 9.8% in 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 period. RBF Capital LLC increased its position in Intevac by 6.6% during the third 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 last quarter. Finally, Renaissance Technologies LLC raised its stake in Intevac by 7.1% during the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after purchasing an additional 36,600 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

Intevac Stock Performance

IVAC opened at $3.45 on Wednesday. Intevac, Inc. has a 1 year low of $2.46 and a 1 year high of $4.51. The firm has a 50 day moving average price of $3.08 and a 200 day moving average price of $3.41. The company has a market cap of $93.06 million, a PE ratio of -10.45 and a beta of 0.66.

Intevac (NASDAQ:IVAC) last released 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 company 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%.

Wall Street Analyst Weigh In

IVAC has been the subject of several research reports. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th. StockNews.com initiated coverage on Intevac in a research report on Wednesday, January 1st. They set a “hold” rating for the company.

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.