StockNews.com Lowers Intevac (NASDAQ:IVAC) to Sell

StockNews.com downgraded shares of Intevac (NASDAQ:IVAC) from a hold rating to a sell rating in a research note released on Friday.

Intevac Stock Performance

Shares of NASDAQ:IVAC opened at $3.80 on Friday. Intevac has a 52-week low of $3.07 and a 52-week high of $4.57. The company has a market capitalization of $101.02 million, a PE ratio of -10.00 and a beta of 0.82. The company has a fifty day moving average of $3.92 and a 200-day moving average of $3.96.

Intevac (NASDAQ:IVAC) last posted its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. The business had revenue of $9.63 million for the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%.

Institutional Investors Weigh In On Intevac

Institutional investors have recently modified their holdings of the company. Firsthand Capital Management Inc. bought a new position in Intevac during the fourth quarter worth $25,000. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 3,452 shares during the period. SG Americas Securities LLC boosted its position in shares of Intevac by 28.2% during the 4th quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after purchasing an additional 3,114 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Intevac during the fourth quarter worth approximately $142,000. Finally, Aristides Capital LLC grew its position in shares of Intevac by 44.0% during the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock worth $346,000 after buying an additional 24,462 shares during the period. 60.27% of the stock is 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.