Intevac, Inc. (NASDAQ:IVAC) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Intevac, Inc. (NASDAQ:IVAC) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,163 shares of the electronics maker’s stock after purchasing an additional 8,063 shares during the quarter. Geode Capital Management LLC’s holdings in Intevac were worth $977,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Intevac in the 3rd quarter valued at $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Intevac during the second quarter worth $144,000. Squarepoint Ops LLC raised its holdings in Intevac by 24.7% during the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after buying an additional 13,144 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Intevac by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after buying an additional 10,013 shares during the last quarter. Finally, RBF Capital LLC boosted its stake in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after acquiring an additional 13,777 shares in the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

Intevac Trading Down 1.1 %

Shares of Intevac stock opened at $3.53 on Friday. Intevac, Inc. has a 1 year low of $2.46 and a 1 year high of $4.51. The company’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $3.42. The company has a market cap of $95.21 million, a price-to-earnings ratio of -10.70 and a beta of 0.66.

Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. The company had revenue of $28.51 million for the quarter. Intevac had a negative net margin of 13.55% and a negative return on equity of 8.82%.

Wall Street Analysts Forecast Growth

IVAC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Intevac in a research note on Wednesday, January 1st. They issued a “hold” rating on the stock. Benchmark restated a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

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.