Intevac (NASDAQ:IVAC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a research report released on Saturday. The firm issued a hold rating on the electronics maker’s stock.

Separately, Benchmark reaffirmed a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Price Performance

Shares of NASDAQ:IVAC opened at $2.71 on Friday. The company has a market cap of $73.09 million, a P/E ratio of -8.21 and a beta of 0.79. The stock’s fifty day moving average price is $3.18 and its 200-day moving average price is $3.55. Intevac has a 1 year low of $2.46 and a 1 year high of $4.57.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of Intevac during the 3rd quarter valued at about $49,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Intevac during the second quarter valued at $144,000. Squarepoint Ops LLC raised its position in Intevac by 24.7% in 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 holdings in shares of Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after buying an additional 10,013 shares during the period. Finally, RBF Capital LLC lifted its holdings in Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock valued at $753,000 after buying an additional 13,777 shares in 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.