Peapod Lane Capital LLC Invests $1.56 Million in Intevac, Inc. (NASDAQ:IVAC)

Peapod Lane Capital LLC acquired a new position in Intevac, Inc. (NASDAQ:IVAC) in the 4th quarter, Holdings Channel reports. The firm acquired 459,450 shares of the electronics maker’s stock, valued at approximately $1,562,000. Intevac makes up 1.5% of Peapod Lane Capital LLC’s holdings, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. XTX Topco Ltd bought a new position in Intevac in the third quarter worth $49,000. Marquette Asset Management LLC grew its position in shares of Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after buying an additional 14,888 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 worth $382,000 after acquiring an additional 10,013 shares in the last quarter. RBF Capital LLC increased its stake in shares of Intevac by 6.6% in the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after acquiring an additional 8,063 shares during the period. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IVAC has been the topic of several recent research reports. StockNews.com started coverage on Intevac in a research note on Wednesday, January 1st. They issued a “hold” rating on the stock. Benchmark reissued a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Price Performance

Shares of NASDAQ:IVAC opened at $3.38 on Thursday. The business has a 50-day simple moving average of $3.36 and a two-hundred day simple moving average of $3.35. Intevac, Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.42.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. The company had revenue of $28.51 million during the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.

Intevac 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.