Intevac, Inc. (NASDAQ:IVAC) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,000 shares of the electronics maker’s stock after selling 5,321 shares during the quarter. King Luther Capital Management Corp’s holdings in Intevac were worth $629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Intevac by 42.9% in the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 3,452 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac during the 2nd quarter worth about $144,000. Squarepoint Ops LLC grew its position in Intevac by 24.7% during the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after purchasing an additional 13,144 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Intevac by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after buying an additional 10,013 shares during the last quarter. Finally, Acuitas Investments LLC lifted its holdings in shares of Intevac by 55.1% in the 2nd quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after buying an additional 101,344 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Intevac Trading Up 1.1 %

IVAC stock opened at $2.68 on Friday. Intevac, Inc. has a 12-month low of $2.46 and a 12-month high of $4.57. The business’s 50-day moving average is $3.25 and its 200 day moving average is $3.61. The stock has a market cap of $72.28 million, a price-to-earnings ratio of -8.12 and a beta of 0.79.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%. The business had revenue of $28.51 million during the quarter.

Wall Street Analysts Forecast Growth

IVAC has been the topic of several recent research reports. StockNews.com began coverage on Intevac in a research report on Friday. They issued a “hold” rating on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a report on Tuesday, November 12th.

Intevac 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.