Intevac (NASDAQ:IVAC) Shares Cross Above 200-Day Moving Average of $5.26

Intevac, Inc. (NASDAQ:IVAC – Get Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.26 and traded as high as $7.00. Intevac shares last traded at $6.87, with a volume of 110,337 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Intevac in a research report on Thursday, December 22nd. They issued a “hold” rating for the company. Benchmark upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Tuesday, January 3rd.

Intevac Trading Up 2.1 %

The company’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $5.26. The company has a market cap of $174.78 million, a P/E ratio of 5.68 and a beta of 0.67.

Intevac (NASDAQ:IVAC – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The electronics maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.02. Intevac had a net margin of 73.17% and a negative return on equity of 14.20%. The company had revenue of $10.75 million during the quarter, compared to analyst estimates of $9.75 million. Equities analysts forecast that Intevac, Inc. will post -0.71 earnings per share for the current year.

Insider Activity

In other news, major shareholder Lp Bleichroeder bought 46,931 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was bought at an average cost of $6.58 per share, for a total transaction of $308,805.98. Following the completion of the acquisition, the insider now directly owns 5,020,973 shares in the company, valued at approximately $33,038,002.34. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Intevac by 34.8% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 208,509 shares of the electronics maker’s stock valued at $970,000 after acquiring an additional 53,825 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Intevac by 5.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 57,800 shares of the electronics maker’s stock valued at $269,000 after buying an additional 2,800 shares during the period. Teton Advisors Inc. increased its holdings in Intevac by 0.9% in the 3rd quarter. Teton Advisors Inc. now owns 222,000 shares of the electronics maker’s stock valued at $1,032,000 after buying an additional 2,000 shares during the period. Gabelli Funds LLC increased its holdings in Intevac by 15.4% in the 3rd quarter. Gabelli Funds LLC now owns 321,753 shares of the electronics maker’s stock valued at $1,496,000 after buying an additional 42,994 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Intevac by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,381,413 shares of the electronics maker’s stock valued at $6,424,000 after buying an additional 11,575 shares during the period. 68.37% of the stock is owned by hedge funds and other institutional investors.

About Intevac

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Intevac, Inc engages in the design, manufacture and marketing of thin-film processing systems, digital sensors, cameras and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell and DCP industries, as well as other adjacent thin-film markets.