Equities research analysts at StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC – Get Free Report) in a note issued to investors on Friday. The brokerage set a “sell” rating on the electronics maker’s stock.
Intevac Trading Down 0.1%
IVAC stock opened at $4.00 on Friday. The business’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $3.59. Intevac has a 1-year low of $2.46 and a 1-year high of $4.25. The firm has a market capitalization of $108.54 million, a PE ratio of -12.11 and a beta of 0.62.
Institutional Trading of Intevac
Institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC lifted its position in shares of Intevac by 455.5% during the 1st quarter. Gabelli Funds LLC now owns 1,762,646 shares of the electronics maker’s stock worth $7,042,000 after buying an additional 1,445,347 shares during the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Intevac in the fourth quarter valued at about $1,562,000. Gamco Investors INC. ET AL increased its stake in shares of Intevac by 23.7% in the first quarter. Gamco Investors INC. ET AL now owns 730,428 shares of the electronics maker’s stock valued at $2,918,000 after buying an additional 140,000 shares during the period. Tabor Asset Management LP acquired a new stake in Intevac during the first quarter worth approximately $489,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Intevac during the first quarter worth approximately $462,000. 60.27% of the stock is currently owned by 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.
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