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

StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a report published on Monday. The firm issued a hold rating on the electronics maker’s stock.

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

Intevac Stock Down 1.4 %

Shares of Intevac stock opened at $3.40 on Monday. The stock has a market capitalization of $91.71 million, a price-to-earnings ratio of -10.30 and a beta of 0.74. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57. The company has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $3.48.

Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates 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%.

Institutional Trading of Intevac

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 8,063 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Intevac during the third quarter valued at about $49,000. RBF Capital LLC grew its holdings in shares of 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 buying an additional 10,013 shares during the period. Finally, Royce & Associates LP raised its holdings in Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after buying an additional 43,052 shares during the last quarter. 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.