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

StockNews.com started coverage on shares of Intevac (NASDAQ:IVAC) in a research note released on Sunday morning. The firm issued a sell rating on the electronics maker’s stock.

Intevac Trading Down 0.1 %

NASDAQ IVAC opened at $4.00 on Friday. The firm has a market cap of $108.54 million, a PE ratio of -12.11 and a beta of 0.62. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42. The stock has a 50-day moving average of $3.88 and a 200-day moving average of $3.47.

Intevac Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac’s payout ratio is -60.61%.

Institutional Trading of Intevac

A number of institutional investors have recently modified their holdings of IVAC. Cubist Systematic Strategies LLC raised its position in Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 7,180 shares during the last quarter. XTX Topco Ltd bought a new position in Intevac in the 3rd quarter worth $49,000. Boothbay Fund Management LLC boosted its stake in shares of Intevac by 49.2% during the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Intevac by 32.3% during 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 buying an additional 9,700 shares during the period. Finally, Marquette Asset Management LLC raised its stake in 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 in the last quarter. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

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.