Intevac (NASDAQ:IVAC) Announces Quarterly Earnings Results

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

Intevac Price Performance

Shares of NASDAQ IVAC opened at $4.39 on Friday. The business’s 50-day simple moving average is $3.83 and its 200-day simple moving average is $3.89. Intevac has a 52 week low of $3.07 and a 52 week high of $6.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IVAC. SG Americas Securities LLC boosted its stake in Intevac by 28.2% during the 4th quarter. SG Americas Securities LLC now owns 14,168 shares of the electronics maker’s stock valued at $61,000 after purchasing an additional 3,114 shares during the period. Firsthand Capital Management Inc. bought a new stake in shares of Intevac in the 4th quarter worth approximately $25,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Intevac by 3.0% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 256,911 shares of the electronics maker’s stock worth $1,110,000 after acquiring an additional 7,400 shares during the period. Teton Advisors Inc. lifted its position in shares of Intevac by 3.3% in the 3rd quarter. Teton Advisors Inc. now owns 317,000 shares of the electronics maker’s stock worth $986,000 after acquiring an additional 10,000 shares during the period. Finally, Aristides Capital LLC lifted its position in shares of Intevac by 44.0% in the 4th quarter. Aristides Capital LLC now owns 80,117 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 24,462 shares during the period. Institutional investors and hedge funds own 60.27% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Intevac from a “hold” rating to a “sell” rating in a report on Friday.

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.