Intevac (NASDAQ:IVAC) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC - Get Free Report) in a research report issued on Wednesday. The brokerage set a "sell" rating on the electronics maker's stock.

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

Intevac Price Performance

Intevac stock traded down $0.02 during midday trading on Wednesday, hitting $4.01. The company's stock had a trading volume of 548,772 shares, compared to its average volume of 404,138. The company has a market cap of $108.94 million, a price-to-earnings ratio of -12.15 and a beta of 0.62. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42. The company has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $3.39.

Institutional Investors Weigh In On Intevac

Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC raised its position in shares of Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker's stock valued at $36,000 after buying an additional 7,180 shares in the last quarter. XTX Topco Ltd bought a new position in Intevac in the third quarter valued at approximately $49,000. Boothbay Fund Management LLC raised its position in Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker's stock valued at $117,000 after purchasing an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Intevac by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker's stock worth $135,000 after purchasing an additional 9,700 shares during the last quarter. Finally, Marquette Asset Management LLC boosted its holdings in shares of Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker's stock valued at $225,000 after purchasing an additional 14,888 shares in the last quarter. Institutional investors own 60.27% of the company's stock.

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About Intevac

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.