Intevac (NASDAQ:IVAC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the electronics maker’s stock.

Intevac Stock Down 0.2 %

Shares of IVAC opened at $3.99 on Friday. The firm has a market cap of $108.40 million, a price-to-earnings ratio of -12.09 and a beta of 0.62. The company’s fifty day moving average is $3.82 and its 200-day moving average is $3.44. Intevac has a 12 month low of $2.46 and a 12 month high of $4.42.

Hedge Funds Weigh In On Intevac

A number of institutional investors have recently made changes to their positions in IVAC. Cubist Systematic Strategies LLC grew its holdings in Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after buying an additional 7,180 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Intevac in the third quarter valued at approximately $49,000. Boothbay Fund Management LLC boosted its position in shares of Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after acquiring an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Intevac by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after acquiring an additional 9,700 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 14,888 shares during the period. 60.27% of the stock is currently owned by 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.