StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC - Free Report) in a research note published on Saturday. The firm issued a sell rating on the electronics maker's stock.
Intevac Stock Down 0.1 %
Intevac stock traded down $0.01 during mid-day trading on Friday, reaching $4.00. The company had a trading volume of 71,508 shares, compared to its average volume of 160,325. The company has a 50 day moving average of $3.85 and a 200-day moving average of $3.45. Intevac has a 52 week low of $2.46 and a 52 week high of $4.42. The firm has a market cap of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62.
Intevac Announces Dividend
The company also recently disclosed a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac's dividend payout ratio is currently -60.61%.
Institutional Trading of Intevac
Institutional investors and hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 buying an additional 10,013 shares during the period. Geode Capital Management LLC boosted its position in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock valued at $977,000 after acquiring an additional 8,063 shares in the last quarter. XTX Topco Ltd bought a new stake in Intevac in the third quarter valued at about $49,000. Marquette Asset Management LLC raised its position in Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker's stock worth $225,000 after purchasing an additional 14,888 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in Intevac during the fourth quarter worth about $1,562,000. 60.27% of the stock is currently owned by institutional investors.
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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