StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

Equities research analysts at StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued on Saturday. The brokerage set a “sell” rating on the electronics maker’s stock.

Intevac Trading Down 0.2 %

Shares of NASDAQ IVAC opened at $3.99 on Friday. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42. The firm has a 50-day moving average of $3.82 and a two-hundred day moving average of $3.44. The company has a market capitalization of $108.40 million, a price-to-earnings ratio of -12.09 and a beta of 0.62.

Institutional Investors Weigh In On Intevac

Large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its position in shares of Intevac by 203.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 7,180 shares during the period. XTX Topco Ltd acquired a new stake in Intevac during the 3rd quarter worth about $49,000. Boothbay Fund Management LLC lifted its stake in Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after buying an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intevac by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Marquette Asset Management LLC boosted its position in shares of Intevac by 29.0% in the fourth 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 during the period. 60.27% of the stock is owned by institutional investors.

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.