Intevac (NASDAQ:IVAC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research note published on Thursday 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 Stock Performance

NASDAQ IVAC opened at $2.58 on Thursday. Intevac has a 52 week low of $2.46 and a 52 week high of $4.57. The business has a 50 day moving average price of $3.33 and a 200-day moving average price of $3.67.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share 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 for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after buying an additional 8,063 shares during the last quarter. XTX Topco Ltd purchased a new stake in Intevac during the 3rd quarter worth about $49,000. RBF Capital LLC lifted its holdings in Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after purchasing an additional 13,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Intevac by 9.8% during the 3rd 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 in the last quarter. Finally, Royce & Associates LP lifted its holdings in Intevac by 1.2% during the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after purchasing an additional 43,052 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

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.