Intevac (NASDAQ:IVAC) Rating Lowered to “Sell” at StockNews.com

Intevac (NASDAQ:IVAC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Benchmark restated a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th.

Intevac Price Performance

Shares of NASDAQ:IVAC opened at $4.04 on Friday. The firm has a fifty day moving average price of $3.43 and a two-hundred day moving average price of $3.36. The company has a market cap of $108.96 million, a price-to-earnings ratio of -12.24 and a beta of 0.65. Intevac has a one year low of $2.46 and a one year high of $4.42.

Hedge Funds Weigh In On Intevac

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Intevac during the 3rd quarter valued at $49,000. Boothbay Fund Management LLC increased its stake in Intevac by 49.2% in the fourth 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 position in Intevac by 32.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock valued at $135,000 after purchasing an additional 9,700 shares in the last quarter. Marquette Asset Management LLC lifted its stake in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Intevac in the 4th quarter worth about $321,000. 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.