StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

Research analysts at StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a note issued to investors on Saturday. The firm set 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 Price Performance

NASDAQ:IVAC opened at $2.79 on Friday. The firm has a market cap of $75.25 million, a price-to-earnings ratio of -8.45 and a beta of 0.79. The firm’s fifty day moving average price is $3.19 and its 200 day moving average price is $3.56. Intevac has a 1-year low of $2.46 and a 1-year high of $4.57.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%. The business had revenue of $28.51 million for the quarter.

Hedge Funds Weigh In On Intevac

A number of large investors have recently made changes to their positions in the stock. 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 worth $977,000 after buying an additional 8,063 shares during the period. XTX Topco Ltd purchased a new stake in shares of Intevac during the 3rd quarter worth approximately $49,000. RBF Capital LLC grew its holdings in shares of Intevac by 6.6% in the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 valued at $382,000 after purchasing an additional 10,013 shares in the last quarter. Finally, Royce & Associates LP increased its stake 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 purchasing an additional 43,052 shares in the last quarter. Hedge funds and other 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.