Intevac (NASDAQ:IVAC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
Separately, Benchmark restated a "hold" rating on shares of Intevac in a research note on Tuesday, November 12th.
View Our Latest Analysis on IVAC
Intevac Stock Performance
Shares of NASDAQ IVAC remained flat at $4.04 during mid-day trading on Friday. 2,041,656 shares of the stock were exchanged, compared to its average volume of 305,399. The firm has a market cap of $108.97 million, a PE ratio of -12.24 and a beta of 0.65. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The stock's 50 day moving average price is $3.45 and its 200-day moving average price is $3.35.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock valued at $977,000 after purchasing an additional 8,063 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 buying an additional 10,013 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker's stock valued at $12,056,000 after buying an additional 43,052 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Intevac in the 3rd quarter worth approximately $49,000. Finally, Marquette Asset Management LLC raised its stake in shares of 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 acquiring an additional 14,888 shares in the last quarter. 60.27% of the stock is currently owned by hedge funds and other institutional investors.
About Intevac
(
Get Free Report)
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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