Intevac (NASDAQ:IVAC) Cut 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 report issued on Friday.

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

Intevac Price Performance

NASDAQ IVAC opened at $4.04 on Friday. The business’s 50-day moving average is $3.43 and its 200 day moving average is $3.36. Intevac has a 1 year low of $2.46 and a 1 year high of $4.42. The stock has a market capitalization of $108.96 million, a PE ratio of -12.24 and a beta of 0.65.

Institutional Investors Weigh In On Intevac

Several hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Intevac in the 3rd quarter worth about $49,000. Boothbay Fund Management LLC raised its holdings in Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after buying an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Intevac by 32.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after buying an additional 9,700 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after buying an additional 14,888 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Intevac during the fourth quarter valued at approximately $321,000. 60.27% of the stock is owned by institutional investors.

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.