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

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

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

Intevac Stock Down 2.6 %

Shares of Intevac stock opened at $3.31 on Monday. The stock has a market cap of $89.28 million, a price-to-earnings ratio of -10.03 and a beta of 0.74. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57. The company’s fifty day moving average is $3.09 and its 200 day moving average is $3.48.

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, topping analysts’ consensus estimates 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 company had revenue of $28.51 million during the quarter.

Institutional Trading of Intevac

A number of large investors have recently bought and sold shares of IVAC. Acuitas Investments LLC boosted its position in shares of Intevac by 55.1% during the 2nd 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. Renaissance Technologies LLC boosted its holdings in shares of Intevac by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after buying an additional 36,600 shares in the last quarter. Squarepoint Ops LLC grew 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 buying an additional 13,144 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Intevac in the 2nd quarter valued at $144,000. Finally, Royce & Associates LP lifted its position in shares of Intevac by 1.2% during the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after acquiring an additional 43,052 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.