StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

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

Intevac Price Performance

IVAC stock opened at $4.03 on Thursday. The company has a market capitalization of $109.49 million, a P/E ratio of -12.21 and a beta of 0.62. The business has a 50-day moving average price of $3.72 and a 200 day moving average price of $3.41. Intevac has a 1-year low of $2.46 and a 1-year high of $4.42.

Hedge Funds Weigh In On Intevac

A number of hedge funds have recently made changes to their positions in IVAC. Gabelli Funds LLC grew its position in shares of Intevac by 1.9% in the fourth quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock valued at $1,079,000 after purchasing an additional 5,800 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Intevac by 203.2% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Intevac by 2.9% in the third 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Intevac by 32.3% in 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 purchasing an additional 9,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 10,013 shares in the last quarter. Institutional investors and hedge funds 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.