Intevac (NASDAQ:IVAC) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Intevac, Inc. (NASDAQ:IVAC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.44 and traded as high as $4.00. Intevac shares last traded at $3.99, with a volume of 71,508 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Intevac in a research note on Saturday. They issued a “sell” rating for the company.

Intevac Trading Down 0.2 %

The firm has a 50-day moving average of $3.82 and a 200-day moving average of $3.44. The stock has a market capitalization of $108.40 million, a price-to-earnings ratio of -12.09 and a beta of 0.62.

Intevac Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.052 dividend. The ex-dividend date was Monday, March 24th. Intevac’s payout ratio is -60.61%.

Hedge Funds Weigh In On Intevac

Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. Cubist Systematic Strategies LLC boosted its holdings in shares of Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 7,180 shares during the last quarter. XTX Topco Ltd purchased a new stake in Intevac in the third quarter valued at $49,000. Boothbay Fund Management LLC grew its position in Intevac by 49.2% during the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after purchasing an additional 11,353 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Intevac by 32.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after buying an additional 9,700 shares during the last quarter. Finally, Marquette Asset Management LLC boosted its stake in shares of Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares during the last quarter. Institutional investors and hedge funds 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.