Intevac (NASDAQ:IVAC) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVAC) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Intevac Stock Down 0.3 %

Shares of NASDAQ IVAC opened at $3.82 on Tuesday. Intevac has a fifty-two week low of $3.07 and a fifty-two week high of $4.57. The business has a 50 day moving average price of $4.00 and a two-hundred day moving average price of $4.00. The firm has a market cap of $101.54 million, a PE ratio of -10.05 and a beta of 0.82.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IVAC. Gabelli Funds LLC increased its position in shares of Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after buying an additional 6,406 shares in the last quarter. Teton Advisors Inc. lifted its stake in Intevac by 1.5% in the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after purchasing an additional 4,500 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock valued at $2,155,000 after purchasing an additional 5,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intevac by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after purchasing an additional 83,958 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Intevac by 94.2% in the 1st quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after purchasing an additional 54,060 shares during the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

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.