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

Equities research analysts at StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a report issued on Monday. The brokerage set a “sell” rating on the electronics maker’s stock.

Intevac Stock Performance

Intevac stock opened at $4.00 on Monday. The company has a market cap of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62. Intevac has a 1 year low of $2.46 and a 1 year high of $4.42. The firm has a 50 day moving average price of $3.95 and a 200 day moving average price of $3.49.

Institutional Trading of Intevac

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Intevac in the third quarter worth about $49,000. Geode Capital Management LLC increased its stake in shares of Intevac by 2.9% in the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after buying an additional 8,063 shares during the last quarter. Marquette Asset Management LLC raised 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 acquiring an additional 14,888 shares in the last quarter. Peapod Lane Capital LLC bought a new position in Intevac during the 4th quarter valued at $1,562,000. Finally, Renaissance Technologies LLC lifted its position in shares of Intevac by 7.8% during the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock worth $2,108,000 after purchasing an additional 44,804 shares during the last quarter. Institutional investors and hedge funds 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.