Intevac, Inc. (NASDAQ:IVAC) Short Interest Update

Intevac, Inc. (NASDAQ:IVAC) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 137,600 shares, a decrease of 22.1% from the December 31st total of 176,600 shares. Based on an average daily trading volume, of 113,000 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IVAC shares. StockNews.com started coverage on Intevac in a research note on Wednesday, January 1st. They issued a “hold” rating for the company. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Intevac

Several large investors have recently added to or reduced their stakes in IVAC. XTX Topco Ltd acquired a new stake in Intevac during the third quarter worth approximately $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac during the second quarter worth approximately $144,000. Marquette Asset Management LLC grew its stake in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during the period. Squarepoint Ops LLC grew its stake 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, Connor Clark & Lunn Investment Management Ltd. grew 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. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Stock Performance

Shares of IVAC stock traded up $0.05 on Friday, hitting $3.52. The company had a trading volume of 36,716 shares, compared to its average volume of 36,201. The firm has a market cap of $94.94 million, a P/E ratio of -10.67 and a beta of 0.66. The stock’s 50-day moving average is $3.26 and its two-hundred day moving average is $3.38. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42.

Intevac (NASDAQ:IVAC) last released its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate 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.

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.