Intevac, Inc. (NASDAQ:IVAC - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.44 and traded as high as $3.46. Intevac shares last traded at $3.40, with a volume of 59,051 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on IVAC shares. StockNews.com began coverage on Intevac in a research report on Wednesday. They set a "hold" rating on the stock. Benchmark reaffirmed a "hold" rating on shares of Intevac in a research note on Tuesday, November 12th.
Check Out Our Latest Research Report on Intevac
Intevac Stock Performance
The business's 50 day moving average is $3.05 and its 200 day moving average is $3.44. The stock has a market cap of $91.71 million, a price-to-earnings ratio of -10.30 and a beta of 0.74.
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, beating analysts' consensus estimates of ($0.15) by $0.07. The business had revenue of $28.51 million for the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. Geode Capital Management LLC boosted its stake in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock valued at $977,000 after buying an additional 8,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 worth $382,000 after acquiring an additional 10,013 shares in the last quarter. Squarepoint Ops LLC boosted its position in Intevac by 24.7% during the second 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 last quarter. RBF Capital LLC grew its stake in Intevac by 6.6% in the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker's stock valued at $753,000 after purchasing an additional 13,777 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Intevac in the 3rd quarter worth about $49,000. 60.27% of the stock is 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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