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

Stock analysts at StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a report released on Saturday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Trading Down 0.2 %

Shares of NASDAQ IVAC opened at $3.99 on Friday. The business has a 50-day moving average of $3.82 and a 200-day moving average of $3.44. The firm has a market capitalization of $108.40 million, a price-to-earnings ratio of -12.09 and a beta of 0.62. Intevac has a 12 month low of $2.46 and a 12 month high of $4.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted 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 worth $1,079,000 after purchasing an additional 5,800 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Intevac by 203.2% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after acquiring an additional 8,063 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $135,000 after acquiring an additional 9,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after acquiring an additional 10,013 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.