Intevac (NASDAQ:IVAC) Downgraded by StockNews.com

Intevac (NASDAQ:IVACGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Intevac Price Performance

IVAC opened at $3.87 on Thursday. The company’s 50-day moving average price is $3.93 and its 200 day moving average price is $4.01. Intevac has a fifty-two week low of $3.07 and a fifty-two week high of $4.57. The firm has a market cap of $102.86 million, a price-to-earnings ratio of -10.18 and a beta of 0.77.

Intevac (NASDAQ:IVACGet Free Report) last posted its earnings results on Thursday, April 25th. The electronics maker reported ($0.10) EPS for the quarter. The company had revenue of $9.63 million for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%.

Hedge Funds Weigh In On Intevac

Institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL boosted its stake in Intevac by 41.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 552,435 shares of the electronics maker’s stock valued at $1,718,000 after purchasing an additional 160,935 shares during the period. Gabelli Funds LLC boosted its position in shares of Intevac by 44.2% during the third quarter. Gabelli Funds LLC now owns 317,052 shares of the electronics maker’s stock worth $986,000 after buying an additional 97,254 shares during the period. Potomac Capital Management Inc. grew its holdings in Intevac by 48.6% in the 3rd quarter. Potomac Capital Management Inc. now owns 260,000 shares of the electronics maker’s stock worth $809,000 after buying an additional 85,000 shares in the last quarter. SG Americas Securities LLC increased its position in Intevac by 28.2% in the 4th quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after acquiring an additional 3,114 shares during the period. Finally, Acuitas Investments LLC bought a new stake in Intevac during the 4th quarter valued at $710,000. Institutional investors own 60.27% of the company’s stock.

About Intevac

(Get Free Report)

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.

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