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

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

Intevac Trading Down 0.1 %

Shares of IVAC stock opened at $4.00 on Monday. The firm has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. Intevac has a 1 year low of $2.46 and a 1 year high of $4.42. The firm’s fifty day simple moving average is $3.96 and its 200 day simple moving average is $3.50.

Intevac Announces Dividend

The business also recently announced a special dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.052 dividend. The ex-dividend date of this dividend was Monday, March 24th. Intevac’s payout ratio is presently -60.61%.

Hedge Funds Weigh In On Intevac

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. Renaissance Technologies LLC grew its holdings in shares of 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 boosted its position in shares of Intevac by 13.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock valued at $2,007,000 after acquiring an additional 71,100 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in Intevac in the fourth quarter valued at about $1,562,000. Gabelli Funds LLC raised its position in Intevac by 1.9% in 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,063 shares during the period. 60.27% of the stock is currently owned by institutional investors.

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.