Intevac (NASDAQ:IVAC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC - Free Report) in a research report report published on Saturday morning. The firm issued a hold rating on the electronics maker's stock.

Separately, Benchmark reaffirmed a "hold" rating on shares of Intevac in a research report on Tuesday, November 12th.

Intevac Price Performance

IVAC traded up $0.08 during trading on Friday, hitting $2.79. The company had a trading volume of 38,932 shares, compared to its average volume of 81,182. The business has a 50-day moving average of $3.19 and a 200-day moving average of $3.56. The company has a market cap of $75.25 million, a PE ratio of -8.45 and a beta of 0.79. Intevac has a 1-year low of $2.46 and a 1-year high of $4.57.

Intevac (NASDAQ:IVAC - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Institutional Investors Weigh In On Intevac

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position 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 period. XTX Topco Ltd acquired a new stake in shares of Intevac in the third quarter worth $49,000. RBF Capital LLC grew its stake in Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker's stock valued at $753,000 after acquiring an additional 13,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position 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 valued at $382,000 after purchasing an additional 10,013 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker's stock valued at $12,056,000 after buying an additional 43,052 shares during the period. Institutional investors and hedge funds own 60.27% of the company's stock.

Intevac Company Profile

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.