Jane Street Group LLC lowered its position in shares of Intevac, Inc. (NASDAQ:IVAC – Free Report) by 36.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,545 shares of the electronics maker’s stock after selling 16,670 shares during the period. Jane Street Group LLC’s holdings in Intevac were worth $100,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Intevac by 9.8% during the 3rd 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 period. Squarepoint Ops LLC grew its stake in shares of 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 acquiring an additional 13,144 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Intevac during the second quarter worth about $144,000. Renaissance Technologies LLC lifted its stake in shares of Intevac by 7.1% in the second quarter. Renaissance Technologies LLC now owns 550,177 shares of the electronics maker’s stock worth $2,124,000 after acquiring an additional 36,600 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Intevac by 1.2% in the third quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after purchasing an additional 43,052 shares during the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Intevac in a report on Tuesday, November 12th. StockNews.com began coverage on shares of Intevac in a report on Wednesday, January 1st. They issued a “hold” rating on the stock.
Intevac Stock Performance
Shares of IVAC stock opened at $3.45 on Wednesday. The stock has a market capitalization of $93.06 million, a price-to-earnings ratio of -10.45 and a beta of 0.66. Intevac, Inc. has a one year low of $2.46 and a one year high of $4.51. The company’s 50-day simple moving average is $3.08 and its 200-day simple moving average is $3.41.
Intevac (NASDAQ:IVAC – Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm had revenue of $28.51 million for the quarter. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%.
Intevac 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.
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