Intevac, Inc. (NASDAQ:IVAC) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its holdings in shares of Intevac, Inc. (NASDAQ:IVAC) by 4.7% during the first quarter, HoldingsChannel.com reports. The fund owned 577,788 shares of the electronics maker’s stock after selling 28,309 shares during the quarter. Kennedy Capital Management LLC’s holdings in Intevac were worth $2,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. SG Americas Securities LLC grew its position in shares of Intevac by 28.2% during the fourth quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock worth $61,000 after acquiring an additional 3,114 shares during the last quarter. BNP Paribas Financial Markets grew its position in Intevac by 42.9% in the 1st quarter. BNP Paribas Financial Markets now owns 11,504 shares of the electronics maker’s stock valued at $44,000 after buying an additional 3,452 shares during the last quarter. Teton Advisors Inc. grew 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. Firsthand Capital Management Inc. purchased a new position in Intevac in the 4th quarter valued at $25,000. Finally, Gamco Investors INC. ET AL grew 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. 60.27% of the stock is currently owned by hedge funds and other institutional investors.

Intevac Stock Performance

NASDAQ:IVAC traded up $0.02 during midday trading on Wednesday, reaching $3.78. The stock had a trading volume of 2,861 shares, compared to its average volume of 91,218. The firm has a fifty day simple moving average of $3.89 and a two-hundred day simple moving average of $3.94. Intevac, Inc. has a 12-month low of $3.07 and a 12-month high of $4.57.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research report on Saturday.

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.