StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC - Free Report) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the electronics maker's stock.

Separately, Benchmark restated a "hold" rating on shares of Intevac in a report on Tuesday, November 12th.

Intevac Stock Performance

Shares of Intevac stock traded down $0.01 during midday trading on Tuesday, reaching $3.29. 25,225 shares of the company's stock traded hands, compared to its average volume of 88,121. Intevac has a 52 week low of $2.46 and a 52 week high of $4.57. The company's 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.46. The company has a market cap of $88.74 million, a price-to-earnings ratio of -9.97 and a beta of 0.74.

Intevac (NASDAQ:IVAC - Get Free Report) last posted its earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company had revenue of $28.51 million for the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 valued at $382,000 after acquiring an additional 10,013 shares during the period. Squarepoint Ops LLC boosted its stake in Intevac by 24.7% during 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac in the 2nd quarter valued at approximately $144,000. Renaissance Technologies LLC increased its position in Intevac by 7.1% in 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 during the period. Finally, Acuitas Investments LLC lifted its holdings in shares of Intevac by 55.1% during the second quarter. Acuitas Investments LLC now owns 285,260 shares of the electronics maker's stock worth $1,101,000 after buying an additional 101,344 shares during the last quarter. Institutional investors own 60.27% of the company's stock.

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.