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

StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC - Free Report) in a report published on Friday morning. The brokerage issued a hold rating on the electronics maker's stock.

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

Intevac Stock Up 1.1 %

Shares of NASDAQ IVAC traded up $0.03 during mid-day trading on Friday, hitting $2.68. 107,750 shares of the company were exchanged, compared to its average volume of 81,298. The stock has a 50 day simple moving average of $3.27 and a 200-day simple moving average of $3.63. Intevac has a 1-year low of $2.46 and a 1-year high of $4.57. The firm has a market cap of $72.28 million, a price-to-earnings ratio of -8.03 and a beta of 0.79.

Intevac (NASDAQ:IVAC - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, topping 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 firm had revenue of $28.51 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Intevac by 42.9% in the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker's stock valued at $44,000 after buying an additional 3,452 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Intevac by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker's stock worth $2,155,000 after purchasing an additional 5,800 shares in the last quarter. Gabelli Funds LLC increased its position in Intevac by 1.8% during the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker's stock worth $1,379,000 after purchasing an additional 6,406 shares in the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 8,063 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 purchasing an additional 10,013 shares in the last quarter. Hedge funds and other 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.