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

by · The Cerbat Gem

Research analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC – Get Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Trading Down 0.1 %

IVAC stock opened at $4.00 on Tuesday. The company has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. The firm has a 50 day simple moving average of $4.01 and a 200-day simple moving average of $3.53. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42.

Hedge Funds Weigh In On Intevac

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Intevac by 2.9% during the 3rd 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 in the last quarter. Marquette Asset Management LLC raised its stake in shares of Intevac by 29.0% during the fourth 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 in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Intevac during the fourth quarter valued at about $1,562,000. Renaissance Technologies LLC lifted its holdings in Intevac by 7.8% in the fourth 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 during the period. Finally, Gabelli Funds LLC grew its position in Intevac by 1.9% in the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock valued at $1,079,000 after buying an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Company Profile

(Get Free Report)

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.

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