Intevac’s (IVAC) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Intevac (NASDAQ:IVAC) in a report issued on Tuesday morning,Benzinga reports.

Separately, StockNews.com started coverage on shares of Intevac in a report on Wednesday, November 6th. They set a “hold” rating for the company.

Intevac Trading Down 22.9 %

NASDAQ:IVAC opened at $2.55 on Tuesday. Intevac has a 12-month low of $2.46 and a 12-month high of $4.57. The stock has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.71.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. Intevac had a negative return on equity of 8.78% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Institutional Trading of Intevac

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position 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 buying an additional 3,452 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Intevac by 94.2% in the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after buying an additional 54,060 shares during the last quarter. 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 worth $5,223,000 after buying an additional 83,958 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of 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 buying an additional 5,800 shares during the period. Finally, Teton Advisors Inc. grew its holdings in shares of 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 buying an additional 4,500 shares during the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

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.