Marquette Asset Management LLC Acquires 14,888 Shares of Intevac, Inc. (NASDAQ:IVAC)

Marquette Asset Management LLC grew its holdings in Intevac, Inc. (NASDAQ:IVAC) by 29.0% in the 4th quarter, Holdings Channel reports. The fund owned 66,273 shares of the electronics maker’s stock after purchasing an additional 14,888 shares during the quarter. Marquette Asset Management LLC’s holdings in Intevac were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IVAC. Geode Capital Management LLC increased its position in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after acquiring an additional 8,063 shares during the period. XTX Topco Ltd acquired a new stake in Intevac in the 3rd quarter worth $49,000. RBF Capital LLC increased its holdings in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after purchasing an additional 13,777 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 worth $382,000 after purchasing an additional 10,013 shares during the period. Finally, Royce & Associates LP raised its position in shares of Intevac by 1.2% during the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after buying an additional 43,052 shares during the last quarter. 60.27% of the stock is owned by institutional investors.

Intevac Price Performance

IVAC opened at $3.45 on Wednesday. The company has a market capitalization of $93.06 million, a P/E ratio of -10.45 and a beta of 0.66. The firm’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.41. Intevac, Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.51.

Intevac (NASDAQ:IVAC) last issued its earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 for the quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com began coverage on Intevac in a research report on Wednesday, January 1st. They issued a “hold” rating for the company.

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.