Shares of Intevac, Inc. (NASDAQ:IVAC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.40 and traded as high as $3.49. Intevac shares last traded at $3.44, with a volume of 62,627 shares.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Intevac in a report on Tuesday, November 12th. StockNews.com assumed coverage on Intevac in a research note on Wednesday, January 1st. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Report on Intevac
Intevac Price Performance
The firm has a market cap of $93.87 million, a P/E ratio of -10.55 and a beta of 0.66. The company's 50-day simple moving average is $3.13 and its 200 day simple moving average is $3.40.
Intevac (NASDAQ:IVAC - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%. The firm had revenue of $28.51 million during the quarter.
Institutional Trading of Intevac
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in shares of Intevac by 1.2% in the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker's stock valued at $12,056,000 after acquiring an additional 43,052 shares during the period. Renaissance Technologies LLC raised its position in Intevac by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker's stock worth $2,124,000 after purchasing an additional 36,600 shares during the period. Geode Capital Management LLC lifted its stake in Intevac by 2.9% in the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock worth $977,000 after purchasing an additional 8,063 shares during the last quarter. RBF Capital LLC boosted its position in shares of Intevac by 6.6% during the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker's stock valued at $753,000 after buying an additional 13,777 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake 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. Hedge funds and other institutional investors own 60.27% of the company's stock.
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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