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

Intevac (NASDAQ:IVAC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Intevac Stock Performance

Shares of IVAC stock opened at $3.80 on Tuesday. The firm’s 50-day moving average is $4.00 and its 200-day moving average is $4.00. The stock has a market cap of $101.02 million, a price-to-earnings ratio of -10.00 and a beta of 0.82. Intevac has a 52-week low of $3.07 and a 52-week high of $4.57.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC bought a new position in Intevac in the fourth quarter valued at about $710,000. Vanguard Group Inc. boosted its stake in shares of Intevac by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after purchasing an additional 83,958 shares in the last quarter. Palogic Value Management L.P. boosted its stake in shares of Intevac by 22.1% during the fourth quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock valued at $1,609,000 after purchasing an additional 67,457 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Intevac by 94.2% during the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after purchasing an additional 54,060 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Intevac by 11.2% during the fourth quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker’s stock valued at $1,524,000 after purchasing an additional 35,628 shares in the last quarter. Institutional investors 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.