StockNews.com Upgrades Intevac (NASDAQ:IVAC) to Hold

Intevac (NASDAQ:IVAC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Intevac Stock Down 0.4 %

Shares of NASDAQ:IVAC opened at $3.85 on Friday. The firm’s 50 day moving average price is $3.94 and its 200 day moving average price is $4.01. The stock has a market cap of $102.22 million, a price-to-earnings ratio of -10.12 and a beta of 0.77. Intevac has a fifty-two week low of $3.07 and a fifty-two week high of $4.57.

Intevac (NASDAQ:IVAC) last issued its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share for the quarter. The firm had revenue of $9.63 million during the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%.

Institutional Trading of Intevac

Several hedge funds have recently added to or reduced their stakes in IVAC. Vanguard Group Inc. raised its holdings in Intevac by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after purchasing an additional 83,958 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Intevac by 1.0% during the first quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock worth $2,155,000 after purchasing an additional 5,800 shares in the last quarter. Palogic Value Management L.P. raised its holdings in Intevac by 22.1% during the fourth quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock worth $1,609,000 after purchasing an additional 67,457 shares in the last quarter. Gabelli Funds LLC raised its holdings in Intevac by 1.8% during the first quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock worth $1,379,000 after purchasing an additional 6,406 shares in the last quarter. Finally, Teton Advisors Inc. raised its holdings in Intevac by 1.5% during the first quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock worth $1,171,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

About Intevac

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.