Intevac, Inc. (NASDAQ:IVAC) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Intevac, Inc. (NASDAQ:IVAC) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,499,633 shares of the electronics maker’s stock after selling 46,264 shares during the quarter. Royce & Associates LP owned about 12.98% of Intevac worth $11,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after purchasing an additional 10,013 shares in the last quarter. Geode Capital Management LLC grew its stake in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after buying an additional 8,063 shares during the last quarter. XTX Topco Ltd acquired a new position in Intevac during the third quarter worth approximately $49,000. Marquette Asset Management LLC lifted its stake in Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after buying an additional 14,888 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Intevac in the fourth quarter valued at approximately $1,562,000. 60.27% of the stock is owned by hedge funds and other institutional investors.

Intevac Stock Performance

Shares of IVAC opened at $4.03 on Tuesday. Intevac, Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.42. The firm has a 50-day simple moving average of $3.73 and a 200-day simple moving average of $3.41. The company has a market capitalization of $109.49 million, a price-to-earnings ratio of -12.21 and a beta of 0.62.

Intevac Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.052 per share. Intevac’s payout ratio is -60.61%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Intevac in a research report on Thursday, March 13th. They issued a “sell” rating for the company.

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.