Equities researchers at StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC - Get Free Report) in a research report issued on Friday. The firm set a "sell" rating on the electronics maker's stock.
Intevac Stock Performance
Shares of NASDAQ:IVAC traded up $0.01 during trading on Friday, reaching $3.99. The stock had a trading volume of 354,963 shares, compared to its average volume of 155,946. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42. The stock has a market cap of $108.40 million, a PE ratio of -12.09 and a beta of 0.62. The business has a fifty day moving average price of $3.77 and a 200-day moving average price of $3.42.
Hedge Funds Weigh In On Intevac
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC lifted its stake in Intevac by 1.9% in the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker's stock worth $1,079,000 after purchasing an additional 5,800 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker's stock valued at $36,000 after acquiring an additional 7,180 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Intevac by 2.9% in the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker's stock valued at $977,000 after purchasing an additional 8,063 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 9,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 worth $382,000 after purchasing an additional 10,013 shares during the period. 60.27% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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