Intevac (NASDAQ:IVAC) Receives “Hold” Rating from Benchmark

Benchmark restated their hold rating on shares of Intevac (NASDAQ:IVAC) in a research report released on Tuesday,Benzinga reports.

Separately, StockNews.com assumed coverage on Intevac in a report on Wednesday, November 6th. They set a “hold” rating for the company.

Intevac Stock Performance

Shares of NASDAQ IVAC opened at $2.55 on Tuesday. Intevac has a one year low of $2.46 and a one year high of $4.57. The company’s fifty day moving average is $3.41 and its two-hundred day moving average is $3.71.

Intevac (NASDAQ:IVAC) last announced its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.78%. The firm had revenue of $28.51 million during the quarter.

Hedge Funds Weigh In On Intevac

Several hedge funds have recently added to or reduced their stakes in IVAC. BNP Paribas Financial Markets lifted its stake in Intevac by 42.9% in the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after buying an additional 3,452 shares in the last quarter. Teton Advisors Inc. lifted its position in Intevac by 1.5% during the first quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock worth $1,171,000 after buying an additional 4,500 shares during the period. Gamco Investors INC. ET AL boosted its stake in Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock worth $2,155,000 after buying an additional 5,800 shares during the last quarter. Gabelli Funds LLC grew its holdings in Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after buying an additional 6,406 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $382,000 after buying an additional 10,013 shares during the period. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

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.