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

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research note issued on Wednesday. The firm set a “sell” rating on the electronics maker’s stock.

Intevac Price Performance

Shares of NASDAQ IVAC opened at $4.00 on Wednesday. The stock has a market capitalization of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62. The firm’s 50 day simple moving average is $4.01 and its 200-day simple moving average is $3.55. Intevac has a 12 month low of $2.46 and a 12 month high of $4.39.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IVAC. Cubist Systematic Strategies LLC raised its holdings in Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after acquiring an additional 7,180 shares during the last quarter. Boothbay Fund Management LLC raised its holdings in Intevac by 49.2% in the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after acquiring an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Intevac by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after acquiring an additional 9,700 shares during the last quarter. Marquette Asset Management LLC raised its holdings in Intevac by 29.0% in the 4th 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 during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Intevac by 56.5% in the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock valued at $259,000 after acquiring an additional 27,532 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.