Equities research analysts at StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC - Get Free Report) in a report released on Sunday. The brokerage set a "sell" rating on the electronics maker's stock.
Intevac Stock Down 0.1 %
Shares of Intevac stock traded down $0.01 during mid-day trading on Friday, hitting $4.00. The stock had a trading volume of 71,508 shares, compared to its average volume of 162,712. The firm has a 50-day moving average of $3.94 and a two-hundred day moving average of $3.49. The firm has a market cap of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42.
Hedge Funds Weigh In On Intevac
A number of hedge funds have recently modified their holdings of IVAC. Renaissance Technologies LLC lifted its position in Intevac by 7.8% in the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker's stock valued at $2,108,000 after buying an additional 44,804 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Intevac by 13.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker's stock valued at $2,007,000 after acquiring an additional 71,100 shares during the period. Peapod Lane Capital LLC acquired a new position in shares of Intevac in the 4th quarter worth approximately $1,562,000. Gabelli Funds LLC boosted its position in shares of Intevac by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker's stock worth $1,079,000 after purchasing an additional 5,800 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Intevac by 2.9% in the 3rd 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 during 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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