Intevac (NASDAQ:IVAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Intevac (NASDAQ:IVAC) from a sell rating to a hold rating in a research note released on Saturday.

Intevac Trading Up 1.4 %

Shares of IVAC opened at $3.74 on Friday. Intevac has a 1 year low of $3.07 and a 1 year high of $4.57. The stock has a market cap of $99.41 million, a P/E ratio of -9.84 and a beta of 0.82. The stock’s 50-day moving average price is $3.89 and its two-hundred day moving average price is $3.94.

Institutional Investors Weigh In On Intevac

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Intevac by 6.6% during the first quarter. Vanguard Group Inc. now owns 1,360,066 shares of the electronics maker’s stock worth $5,223,000 after purchasing an additional 83,958 shares during the period. Gamco Investors INC. ET AL raised its position in Intevac by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 561,228 shares of the electronics maker’s stock valued at $2,155,000 after buying an additional 5,800 shares during the last quarter. Palogic Value Management L.P. raised its position in Intevac by 22.1% in the 4th quarter. Palogic Value Management L.P. now owns 372,457 shares of the electronics maker’s stock valued at $1,609,000 after buying an additional 67,457 shares during the last quarter. Gabelli Funds LLC raised its position in Intevac by 1.8% in the 1st quarter. Gabelli Funds LLC now owns 359,086 shares of the electronics maker’s stock valued at $1,379,000 after buying an additional 6,406 shares during the last quarter. Finally, Teton Advisors Inc. raised its position in Intevac by 1.5% in the 1st quarter. Teton Advisors Inc. now owns 305,000 shares of the electronics maker’s stock valued at $1,171,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Company 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.