StockNews.com upgraded shares of Intevac (NASDAQ:IVAC - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday.
Intevac Stock Performance
Shares of NASDAQ:IVAC traded down $0.02 during trading on Friday, reaching $3.44. The company had a trading volume of 35,505 shares, compared to its average volume of 84,812. The firm's fifty day moving average is $3.74 and its 200 day moving average is $3.85. The firm has a market capitalization of $91.45 million, a PE ratio of -9.11 and a beta of 0.82. Intevac has a twelve month low of $3.07 and a twelve month high of $4.57.
Intevac (NASDAQ:IVAC - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The electronics maker reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.09. Intevac had a negative net margin of 15.08% and a negative return on equity of 6.80%. The company had revenue of $14.53 million during the quarter. During the same quarter last year, the business posted ($0.19) EPS.
Institutional Investors Weigh In On Intevac
Several hedge funds have recently modified their holdings of the stock. Firsthand Capital Management Inc. purchased a new stake in shares of Intevac during the fourth quarter worth $25,000. BNP Paribas Financial Markets increased its holdings in shares of Intevac by 42.9% during the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker's stock valued at $44,000 after acquiring an additional 3,452 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac in the 2nd quarter worth approximately $144,000. 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 worth $256,000 after purchasing an additional 13,144 shares during the period. Finally, Aristides Capital LLC grew its holdings in Intevac by 44.0% during the fourth 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 during the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.
About Intevac
(
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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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