StockNews.com Begins Coverage on Intevac (NASDAQ:IVAC)

Investment analysts at StockNews.com began coverage on shares of Intevac (NASDAQ:IVACGet Rating) in a report issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

Intevac Trading Down 1.0 %

NASDAQ IVAC opened at $4.78 on Friday. The stock has a market cap of $121.34 million, a PE ratio of 4.09 and a beta of 0.69. Intevac has a twelve month low of $3.93 and a twelve month high of $5.98. The stock has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $5.03.

Hedge Funds Weigh In On Intevac

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its holdings in shares of Intevac by 3.6% during the 2nd quarter. Millennium Management LLC now owns 112,464 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 3,902 shares during the period. Victory Capital Management Inc. boosted its holdings in Intevac by 36.5% during the 4th quarter. Victory Capital Management Inc. now owns 15,647 shares of the electronics maker’s stock valued at $74,000 after acquiring an additional 4,185 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Intevac by 10.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 55,000 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 5,000 shares during the period. Skylands Capital LLC boosted its holdings in Intevac by 9.1% during the 2nd quarter. Skylands Capital LLC now owns 80,067 shares of the electronics maker’s stock valued at $388,000 after acquiring an additional 6,667 shares during the period. Finally, Eidelman Virant Capital purchased a new position in Intevac during the 1st quarter valued at about $53,000. 68.78% of the stock is currently owned by hedge funds and other institutional investors.

Intevac Company Profile

(Get Rating)

Intevac, Inc provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, and Europe. It designs, develops, and markets thin-film processing systems for hard disk drive media, display cover panel, solar photovoltaic cell, and advanced semiconductor packaging industries.

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