Intevac, Inc. (NASDAQ:IVAC - Get Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 137,600 shares, a decline of 22.1% from the December 15th total of 176,600 shares. Based on an average trading volume of 113,000 shares, the days-to-cover ratio is presently 1.2 days.
Analysts Set New Price Targets
Several research analysts have recently commented on IVAC shares. Benchmark reissued a "hold" rating on shares of Intevac in a research note on Tuesday, November 12th. StockNews.com assumed coverage on shares of Intevac in a report on Wednesday, January 1st. They set a "hold" rating on the stock.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. XTX Topco Ltd acquired a new stake in shares of Intevac in the 3rd quarter valued at $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac in the second quarter valued at $144,000. Marquette Asset Management LLC lifted its holdings in Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker's stock worth $225,000 after buying an additional 14,888 shares during the last quarter. 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. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Intevac by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker's stock worth $382,000 after acquiring an additional 10,013 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company's stock.
Intevac Trading Down 1.4 %
NASDAQ:IVAC traded down $0.05 during midday trading on Friday, reaching $3.49. The company had a trading volume of 11,351 shares, compared to its average volume of 34,014. Intevac has a 12-month low of $2.46 and a 12-month high of $4.51. The firm has a market capitalization of $94.13 million, a price-to-earnings ratio of -10.58 and a beta of 0.66. The stock's fifty day simple moving average is $3.09 and its 200-day simple moving average is $3.41.
Intevac (NASDAQ:IVAC - Get Free Report) last announced 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 business had revenue of $28.51 million during the quarter.
About Intevac
(
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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.
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