Intevac (NASDAQ:IVAC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Intevac (NASDAQ:IVACGet Rating) in a research report issued on Sunday. The firm set a “hold” rating on the electronics maker’s stock.

Intevac Stock Up 2.5 %

NASDAQ:IVAC opened at $5.70 on Friday. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $4.87. The company has a market capitalization of $145.01 million, a PE ratio of 4.71 and a beta of 0.65. Intevac has a 52-week low of $3.93 and a 52-week high of $5.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP grew its stake in shares of Intevac by 7.8% in the 3rd quarter. Royce & Associates LP now owns 2,444,082 shares of the electronics maker’s stock valued at $11,365,000 after purchasing an additional 177,462 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Intevac by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,381,413 shares of the electronics maker’s stock valued at $6,424,000 after purchasing an additional 11,575 shares during the last quarter. Westerly Capital Management LLC grew its stake in shares of Intevac by 17.5% in the 1st quarter. Westerly Capital Management LLC now owns 690,000 shares of the electronics maker’s stock valued at $3,692,000 after purchasing an additional 103,000 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Intevac by 15.4% in the 3rd quarter. Gabelli Funds LLC now owns 321,753 shares of the electronics maker’s stock valued at $1,496,000 after purchasing an additional 42,994 shares during the last quarter. Finally, Teton Advisors Inc. grew its stake in shares of Intevac by 0.9% in the 3rd quarter. Teton Advisors Inc. now owns 222,000 shares of the electronics maker’s stock valued at $1,032,000 after purchasing an additional 2,000 shares during the last quarter. 68.78% of the stock is currently owned by hedge funds and other institutional investors.

Intevac Company Profile

(Get Rating)

Intevac, Inc, together with its subsidiaries, designs and develops thin-film processing systems primarily in the United States and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as for the hard disk drive, display cover panel, and other adjacent thin-film markets.

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