Intevac (NASDAQ:IVAC) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Intevac, Inc. (NASDAQ:IVAC - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.44 and traded as high as $4.00. Intevac shares last traded at $3.99, with a volume of 71,508 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Intevac in a research report on Saturday. They issued a "sell" rating on the stock.

Intevac Trading Down 0.1 %

The firm's fifty day moving average price is $3.85 and its 200-day moving average price is $3.45. The company has a market cap of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62.

Intevac Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac's payout ratio is -60.61%.

Hedge Funds Weigh In On Intevac

Several institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC increased its stake in Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker's stock worth $36,000 after purchasing an additional 7,180 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Intevac in the third quarter valued at approximately $49,000. Boothbay Fund Management LLC raised its holdings in shares of Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker's stock worth $117,000 after acquiring an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC lifted its position in 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 acquiring an additional 14,888 shares in the last quarter. Institutional investors own 60.27% of the company's stock.

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.