Intevac (NASDAQ:IVAC) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a report released on Saturday morning. The brokerage issued a sell rating on the electronics maker’s stock.

Intevac Trading Down 0.1 %

Shares of NASDAQ IVAC opened at $4.00 on Friday. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $3.45. The stock has a market capitalization of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62.

Intevac Announces Dividend

The business also recently announced a special dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.052 dividend. The ex-dividend date of this dividend was Monday, March 24th. Intevac’s dividend payout ratio (DPR) is -60.61%.

Institutional Trading of Intevac

Several hedge funds and other institutional investors have recently bought and sold shares of IVAC. Renaissance Technologies LLC increased its position in Intevac by 7.8% during the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after acquiring an additional 44,804 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Intevac by 13.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock worth $2,007,000 after purchasing an additional 71,100 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Intevac during the 4th quarter worth about $1,562,000. Gabelli Funds LLC grew its holdings in Intevac by 1.9% during the 4th quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock valued at $1,079,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Intevac by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after purchasing an additional 8,063 shares during the period. 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.