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 report issued on Tuesday. The brokerage set a “sell” rating on the electronics maker’s stock.

Separately, Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Trading Up 0.5 %

Shares of NASDAQ IVAC opened at $4.06 on Tuesday. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The stock has a market cap of $110.30 million, a PE ratio of -12.30 and a beta of 0.65. The company has a 50-day moving average of $3.55 and a 200 day moving average of $3.37.

Institutional Trading of Intevac

Several hedge funds have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after buying an additional 43,052 shares during the period. Renaissance Technologies LLC grew its stake in shares of Intevac by 7.8% in the 4th quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after buying an additional 44,804 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Intevac by 13.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock valued at $2,007,000 after buying an additional 71,100 shares during the period. Peapod Lane Capital LLC purchased a new stake in shares of Intevac in the 4th quarter valued at approximately $1,562,000. Finally, Gabelli Funds LLC boosted its position in shares of Intevac by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock worth $1,079,000 after purchasing an additional 5,800 shares during the period. Hedge funds and other institutional investors own 60.27% of the company’s stock.

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.