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

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

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

Intevac Stock Down 1.4 %

IVAC stock traded down $0.05 on Monday, reaching $3.40. 151,731 shares of the company's stock were exchanged, compared to its average volume of 87,588. The stock has a fifty day moving average of $3.09 and a 200-day moving average of $3.48. The firm has a market cap of $91.71 million, a PE ratio of -10.30 and a beta of 0.74. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57.

Intevac (NASDAQ:IVAC - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%. The firm had revenue of $28.51 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 purchasing an additional 10,013 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Intevac by 24.7% in 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 during the 2nd quarter valued at $144,000. Renaissance Technologies LLC grew its position in Intevac by 7.1% during the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker's stock valued at $2,124,000 after purchasing an additional 36,600 shares in the last quarter. Finally, Acuitas Investments LLC increased its holdings in Intevac by 55.1% in 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. 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.