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

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a research note published on Wednesday morning. The firm issued a hold rating on the electronics maker’s stock.

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

Intevac Price Performance

Shares of NASDAQ:IVAC opened at $3.40 on Wednesday. Intevac has a fifty-two week low of $2.46 and a fifty-two week high of $4.51. The business’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.44. The stock has a market capitalization of $91.71 million, a price-to-earnings ratio of -10.30 and a beta of 0.74.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Intevac in the third quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Intevac during the second quarter worth about $144,000. Squarepoint Ops LLC lifted its stake in Intevac by 24.7% in the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after purchasing an additional 13,144 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after acquiring an additional 10,013 shares during the last quarter. Finally, RBF Capital LLC boosted its stake in shares of Intevac by 6.6% during the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock valued at $753,000 after purchasing an additional 13,777 shares in the last quarter. 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.