Intevac (NASDAQ:IVAC) Now Covered by Analysts at StockNews.com

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

Intevac Stock Down 0.1 %

NASDAQ IVAC opened at $4.00 on Thursday. The stock’s 50-day moving average price is $4.00 and its 200-day moving average price is $3.56. The company has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. Intevac has a 52 week low of $2.46 and a 52 week high of $4.25.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its holdings in Intevac by 203.2% in the 4th 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 in the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after buying an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $135,000 after acquiring an additional 9,700 shares during the last quarter. 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 valued at $225,000 after acquiring an additional 14,888 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Intevac by 56.5% in the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock valued at $259,000 after acquiring an additional 27,532 shares during the last quarter. 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.