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

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

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

Intevac Trading Up 1.1 %

Shares of NASDAQ IVAC opened at $2.68 on Friday. The company has a market cap of $72.28 million, a price-to-earnings ratio of -8.12 and a beta of 0.79. Intevac has a 12 month low of $2.46 and a 12 month high of $4.57. The stock has a 50-day moving average price of $3.25 and a two-hundred day moving average price of $3.61.

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

Hedge Funds Weigh In On Intevac

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acuitas Investments LLC increased its holdings in Intevac by 55.1% in the second quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker’s stock valued at $1,101,000 after purchasing an additional 101,344 shares during the period. Vanguard Group Inc. raised its position in shares of Intevac by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after acquiring an additional 83,958 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Intevac by 1.2% in the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after acquiring an additional 43,052 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Intevac in the second quarter valued at approximately $144,000. Finally, Renaissance Technologies LLC increased its position in Intevac by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock valued at $2,124,000 after purchasing an additional 36,600 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

About Intevac

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.