Point72 Asia Singapore Pte. Ltd. Acquires Shares of 37,398 Intevac, Inc. (NASDAQ:IVAC)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Intevac, Inc. (NASDAQ:IVAC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,398 shares of the electronics maker’s stock, valued at approximately $144,000.

Other large investors also recently modified their holdings of the company. Firsthand Capital Management Inc. bought a new stake in Intevac during the fourth quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Intevac by 42.9% during the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 3,452 shares during the period. Squarepoint Ops LLC boosted its position in shares of Intevac by 24.7% during the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after acquiring an additional 13,144 shares in the last quarter. GSA Capital Partners LLP increased its stake in Intevac by 94.2% in the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after acquiring an additional 54,060 shares during the last quarter. Finally, Acuitas Investments LLC raised its position in Intevac by 55.1% during 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 in the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

Intevac Stock Up 4.0 %

Intevac stock opened at $3.41 on Friday. The stock has a market cap of $90.65 million, a PE ratio of -8.97 and a beta of 0.80. Intevac, Inc. has a 12-month low of $3.10 and a 12-month high of $4.57. The business’s 50-day moving average price is $3.54 and its two-hundred day moving average price is $3.79.

Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Monday, August 5th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. Intevac had a negative net margin of 15.08% and a negative return on equity of 6.80%. The business had revenue of $14.53 million during the quarter. During the same quarter in the prior year, the company earned ($0.19) earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Intevac from a “sell” rating to a “hold” rating in a research note on Friday, September 6th.

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.