Intevac (NASDAQ:IVAC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVACFree Report) from a sell rating to a hold rating in a research report sent to investors on Friday.

Intevac Stock Performance

IVAC opened at $3.88 on Friday. The firm’s 50-day simple moving average is $3.94 and its 200-day simple moving average is $4.01. Intevac has a twelve month low of $3.07 and a twelve month high of $4.57. The firm has a market cap of $103.13 million, a price-to-earnings ratio of -10.21 and a beta of 0.77.

Intevac (NASDAQ:IVACGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. Intevac had a negative return on equity of 8.17% and a negative net margin of 19.52%. The company had revenue of $9.63 million for the quarter.

Institutional Investors Weigh In On Intevac

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Intevac by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock valued at $5,223,000 after purchasing an additional 83,958 shares during the period. Gamco Investors INC. ET AL lifted its position in Intevac by 1.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock valued at $2,155,000 after purchasing an additional 5,800 shares during the period. Palogic Value Management L.P. lifted its position in Intevac by 22.1% during the 4th quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock valued at $1,609,000 after purchasing an additional 67,457 shares during the period. Gabelli Funds LLC lifted its position in Intevac by 1.8% during the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after purchasing an additional 6,406 shares during the period. Finally, Teton Advisors Inc. lifted its position in Intevac by 1.5% during the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after purchasing an additional 4,500 shares during the period. Institutional investors own 60.27% of the company’s stock.

About Intevac

(Get Free Report)

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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