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

Investment analysts at StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Stock Down 0.2 %

IVAC stock opened at $4.03 on Friday. Intevac has a twelve month low of $2.46 and a twelve month high of $4.42. The firm has a market cap of $109.49 million, a PE ratio of -12.21 and a beta of 0.62. The business has a 50 day moving average of $3.77 and a 200 day moving average of $3.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $382,000 after buying an additional 10,013 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 8,063 shares during the last quarter. XTX Topco Ltd purchased a new stake in Intevac during the 3rd quarter valued at $49,000. Marquette Asset Management LLC boosted its stake in Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after purchasing an additional 14,888 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in Intevac during the 4th quarter valued at $1,562,000. Institutional investors 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.