Intevac (NASDAQ:IVAC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Intevac (NASDAQ:IVAC) in a research note published on Wednesday morning. The brokerage issued a hold rating on the electronics maker’s stock.

Intevac Price Performance

NASDAQ:IVAC traded down $0.03 during mid-day trading on Wednesday, reaching $3.28. 143,404 shares of the stock were exchanged, compared to its average volume of 22,583. The business has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.72. Intevac has a 1-year low of $3.05 and a 1-year high of $4.57.

Institutional Trading of Intevac

A number of large investors have recently added to or reduced their stakes in IVAC. BNP Paribas Financial Markets lifted its stake in Intevac by 42.9% during the first 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intevac during the 2nd quarter valued at $144,000. Squarepoint Ops LLC lifted its holdings in shares of Intevac by 24.7% in the second quarter. Squarepoint Ops LLC now owns 66,317 shares of the electronics maker’s stock valued at $256,000 after purchasing an additional 13,144 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Intevac by 94.2% in the first quarter. GSA Capital Partners LLP now owns 111,475 shares of the electronics maker’s stock worth $428,000 after buying an additional 54,060 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock valued at $382,000 after buying an additional 10,013 shares in the last quarter. 60.27% of the stock is currently owned by institutional investors.

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.