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

Analysts at StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a report issued on Monday. The brokerage set 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, November 12th.

Intevac Trading Down 0.6 %

Shares of Intevac stock opened at $3.45 on Monday. The company has a fifty day simple moving average of $3.09 and a 200-day simple moving average of $3.48. Intevac has a 12-month low of $2.46 and a 12-month high of $4.57. The stock has a market cap of $93.06 million, a price-to-earnings ratio of -10.45 and a beta of 0.74.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping 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 company had revenue of $28.51 million for the quarter.

Hedge Funds Weigh In On Intevac

A number of large investors have recently made changes to their positions in IVAC. XTX Topco Ltd acquired a new position in Intevac during the third quarter worth about $49,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Intevac during the 2nd quarter worth approximately $144,000. Squarepoint Ops LLC grew its holdings in shares of Intevac by 24.7% in the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock worth $256,000 after acquiring an additional 13,144 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Intevac by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after purchasing an additional 10,013 shares in the last quarter. Finally, RBF Capital LLC raised its holdings in Intevac by 6.6% during the third quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after purchasing an additional 13,777 shares during the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

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.