Intevac (NASDAQ:IVAC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the electronics maker’s stock.

Separately, Benchmark reiterated a “hold” rating on shares of Intevac in a research note on Tuesday.

Intevac Price Performance

Shares of Intevac stock traded down $0.01 on Thursday, hitting $2.57. The stock had a trading volume of 109,758 shares, compared to its average volume of 79,834. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57. The business’s 50 day moving average is $3.37 and its two-hundred day moving average is $3.69.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The business had revenue of $28.51 million during the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Institutional Investors Weigh In On Intevac

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVAC. Royce & Associates LP increased its holdings in shares of Intevac by 1.2% during the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock worth $12,056,000 after buying an additional 43,052 shares in the last quarter. Vanguard Group Inc. increased its holdings in Intevac by 6.6% in the first 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 increased its holdings in Intevac by 1.0% in the first 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. Renaissance Technologies LLC increased its holdings in Intevac by 7.1% in the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock valued at $2,124,000 after purchasing an additional 36,600 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Intevac by 1.8% in the first 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. 60.27% of the stock is currently owned by institutional investors.

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.