Intevac (NASDAQ:IVAC - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.
Intevac Trading Down 1.1 %
IVAC traded down $0.04 during mid-day trading on Thursday, hitting $3.50. 27,092 shares of the stock were exchanged, compared to its average volume of 86,392. The firm's fifty day moving average is $3.79 and its two-hundred day moving average is $3.87. Intevac has a 1-year low of $3.07 and a 1-year high of $4.57. The company has a market cap of $93.04 million, a PE ratio of -9.21 and a beta of 0.82.
Intevac (NASDAQ:IVAC - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.09. The business had revenue of $14.53 million for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%. During the same period in the prior year, the company posted ($0.19) EPS.
Institutional Trading of Intevac
A number of large investors have recently modified their holdings of the stock. Gabelli Funds LLC increased its stake in shares of Intevac by 11.2% during the fourth quarter. Gabelli Funds LLC now owns 352,680 shares of the electronics maker's stock worth $1,524,000 after buying an additional 35,628 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Intevac by 3.0% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 256,911 shares of the electronics maker's stock valued at $1,110,000 after purchasing an additional 7,400 shares during the last quarter. Aristides Capital LLC raised its holdings in shares of Intevac by 44.0% in the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker's stock valued at $346,000 after purchasing an additional 24,462 shares in the last quarter. Firsthand Capital Management Inc. purchased a new stake in shares of Intevac during the 4th quarter worth $25,000. Finally, Palogic Value Management L.P. grew its stake in shares of Intevac by 22.1% during the fourth quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker's stock worth $1,609,000 after purchasing an additional 67,457 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company's stock.
Intevac Company Profile
(
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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