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

StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the electronics maker’s stock.

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

Intevac Stock Down 0.2 %

IVAC opened at $4.03 on Tuesday. The company has a market capitalization of $109.49 million, a PE ratio of -12.21 and a beta of 0.65. The firm has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.37. Intevac has a 52 week low of $2.46 and a 52 week high of $4.42.

Hedge Funds Weigh In On Intevac

Several institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC increased its holdings in shares of Intevac by 203.2% in 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 last quarter. XTX Topco Ltd purchased a new position in Intevac in the third quarter worth about $49,000. Boothbay Fund Management LLC increased its stake in 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 acquiring an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 valued at $135,000 after purchasing an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC lifted its stake in shares of Intevac by 29.0% in the 4th 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 last quarter. 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.