Intevac (NASDAQ:IVAC) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Intevac, Inc. (NASDAQ:IVAC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.40 and traded as high as $3.49. Intevac shares last traded at $3.44, with a volume of 62,627 shares.

Analyst Upgrades and Downgrades

IVAC has been the subject of a number of research analyst reports. Benchmark restated a “hold” rating on shares of Intevac in a report on Tuesday, November 12th. StockNews.com started coverage on Intevac in a research note on Wednesday, January 1st. They set a “hold” rating for the company.

Intevac Stock Up 1.2 %

The stock has a market cap of $93.86 million, a PE ratio of -10.55 and a beta of 0.66. The company’s fifty day moving average is $3.17 and its 200 day moving average is $3.39.

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

Institutional Trading of Intevac

Large investors have recently modified their holdings of the business. Marquette Asset Management LLC boosted its holdings in Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after purchasing an additional 14,888 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 8,063 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Intevac during the third quarter worth approximately $49,000. RBF Capital LLC increased its stake in shares of Intevac by 6.6% in the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after buying an additional 13,777 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after acquiring an additional 10,013 shares in the last quarter. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.