StockNews.com Downgrades Intevac (NASDAQ:IVAC) to Sell

StockNews.com downgraded shares of Intevac (NASDAQ:IVAC) from a hold rating to a sell rating in a research note published on Friday.

Intevac Trading Up 7.3 %

Shares of IVAC stock opened at $4.39 on Friday. Intevac has a 1 year low of $3.07 and a 1 year high of $6.48. The firm’s fifty day moving average price is $3.83 and its two-hundred day moving average price is $3.89.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Thursday, April 25th. The electronics maker reported ($0.10) earnings per share (EPS) for the quarter. Intevac had a negative net margin of 19.52% and a negative return on equity of 8.17%. The business had revenue of $9.63 million during the quarter.

Institutional Investors Weigh In On Intevac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVAC. Firsthand Capital Management Inc. acquired a new stake in Intevac in the 4th quarter valued at $25,000. SG Americas Securities LLC acquired a new stake in Intevac in the 3rd quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in Intevac in the 4th quarter valued at $142,000. Aristides Capital LLC increased its stake in Intevac by 44.0% in the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock valued at $346,000 after buying an additional 24,462 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new position in shares of Intevac during the 4th quarter worth about $710,000. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.