Intevac, Inc. (NASDAQ:IVAC – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 734,000 shares, a drop of 12.4% from the June 15th total of 838,200 shares. Based on an average daily trading volume, of 126,100 shares, the short-interest ratio is currently 5.8 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Intevac from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd.
Check Out Our Latest Stock Analysis on IVAC
Intevac Stock Down 0.7 %
Intevac (NASDAQ:IVAC – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. The firm had revenue of $9.63 million for the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%.
Institutional Trading of Intevac
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Intevac by 28.2% in the fourth quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock worth $61,000 after acquiring an additional 3,114 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Intevac in the 4th quarter valued at $710,000. Marquette Asset Management LLC acquired a new stake in Intevac in the 4th quarter valued at $142,000. Gabelli Funds LLC raised its position in Intevac by 11.2% in 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 during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Intevac by 3.0% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 256,911 shares of the electronics maker’s stock worth $1,110,000 after purchasing an additional 7,400 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.
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