Intevac (NASDAQ:IVAC) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued to investors on Sunday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Stock Performance

IVAC stock opened at $4.00 on Friday. The company’s fifty day moving average price is $3.89 and its 200-day moving average price is $3.47. Intevac has a one year low of $2.46 and a one year high of $4.42. The company has a market capitalization of $108.54 million, a PE ratio of -12.11 and a beta of 0.62.

Institutional Investors Weigh In On Intevac

Large investors have recently made changes to their positions in the company. Gabelli Funds LLC grew its holdings in Intevac by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock valued at $1,079,000 after buying an additional 5,800 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 7,180 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after acquiring an additional 8,063 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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, Boothbay Fund Management LLC increased its position in Intevac by 49.2% in the fourth 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 last quarter. 60.27% of the stock is owned by institutional investors.

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.