Intevac’s (IVAC) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of Intevac (NASDAQ:IVAC) in a report issued on Tuesday morning,Benzinga reports.

Separately, StockNews.com initiated coverage on shares of Intevac in a research report on Wednesday, November 6th. They issued a “hold” rating for the company.

Intevac Price Performance

IVAC stock opened at $2.58 on Tuesday. The firm has a market capitalization of $69.58 million, a PE ratio of -7.82 and a beta of 0.79. Intevac has a twelve month low of $2.46 and a twelve month high of $4.57. The stock’s 50 day moving average is $3.35 and its 200-day moving average is $3.68.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. Squarepoint Ops LLC increased its position in shares of Intevac by 24.7% during the 2nd quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after purchasing an additional 13,144 shares during the last quarter. BNP Paribas Financial Markets raised its position in Intevac by 42.9% in the first quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 3,452 shares during the period. GSA Capital Partners LLP boosted its stake in Intevac by 94.2% in the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock valued at $428,000 after acquiring an additional 54,060 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Intevac during the 2nd quarter valued at approximately $144,000. Finally, Vanguard Group Inc. increased its stake in shares of Intevac by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after purchasing an additional 83,958 shares during the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Intevac Company Profile

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.