Peapod Lane Capital LLC Purchases Shares of 459,450 Intevac, Inc. (NASDAQ:IVAC)

Peapod Lane Capital LLC purchased a new position in Intevac, Inc. (NASDAQ:IVAC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 459,450 shares of the electronics maker's stock, valued at approximately $1,562,000. Intevac accounts for 1.5% of Peapod Lane Capital LLC's portfolio, making the stock its 27th largest holding. Peapod Lane Capital LLC owned 1.70% of Intevac as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd bought a new stake in Intevac during the third quarter worth approximately $49,000. Marquette Asset Management LLC raised its stake in shares of Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker's stock worth $225,000 after buying an additional 14,888 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Intevac by 9.8% in 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 period. RBF Capital LLC boosted its stake in 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Intevac by 2.9% in the 3rd 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. 60.27% of the stock is currently owned by institutional investors.

Intevac Price Performance

Intevac stock traded up $0.01 during trading hours on Monday, hitting $4.04. The company had a trading volume of 847,119 shares, compared to its average volume of 39,654. The firm's fifty day moving average is $3.43 and its 200-day moving average is $3.35. The firm has a market capitalization of $108.96 million, a P/E ratio of -12.24 and a beta of 0.65. Intevac, Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.42.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IVAC. StockNews.com lowered shares of Intevac from a "hold" rating to a "sell" rating in a report on Friday. Benchmark restated a "hold" rating on shares of Intevac in a research report on Tuesday, November 12th.

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.