Intevac (NASDAQ:IVAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVAC) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Intevac Price Performance

Shares of NASDAQ IVAC opened at $3.76 on Friday. The company has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $3.94. The company has a market cap of $99.94 million, a PE ratio of -9.89 and a beta of 0.82. Intevac has a 12 month low of $3.07 and a 12 month high of $4.57.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Intevac by 28.2% during the 4th 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 during the period. BNP Paribas Financial Markets boosted its holdings in shares of Intevac by 42.9% in the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 3,452 shares during the last quarter. Teton Advisors Inc. grew its stake in shares of Intevac by 1.5% during the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after buying an additional 4,500 shares during the period. Firsthand Capital Management Inc. acquired a new stake in shares of Intevac during the 4th quarter worth $25,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock worth $2,155,000 after buying an additional 5,800 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.