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

StockNews.com began coverage on shares of Intevac (NASDAQ:IVAC) in a research report released on Tuesday morning. The brokerage issued a sell rating on the electronics maker’s stock.

Intevac Stock Performance

Intevac stock opened at $4.00 on Tuesday. The stock has a market cap of $108.54 million, a PE ratio of -12.11 and a beta of 0.62. The stock has a 50-day moving average of $4.01 and a two-hundred day moving average of $3.53. Intevac has a one year low of $2.46 and a one year high of $4.42.

Intevac Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.052 per share. The ex-dividend date was Monday, March 24th. Intevac’s payout ratio is -60.61%.

Institutional Investors Weigh In On Intevac

Several institutional investors and hedge funds have recently made changes to their positions in IVAC. Squarepoint Ops LLC lifted its position in Intevac by 56.5% during the 4th quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock worth $259,000 after acquiring an additional 27,532 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Intevac by 203.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after purchasing an additional 7,180 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Intevac by 38.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 81,700 shares of the electronics maker’s stock worth $278,000 after acquiring an additional 22,900 shares during the period. Boothbay Fund Management LLC boosted its position in Intevac by 49.2% during the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after purchasing an additional 11,353 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Intevac by 32.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,700 shares of the electronics maker’s stock worth $135,000 after acquiring an additional 9,700 shares in the last quarter. 60.27% of the stock is currently owned by institutional investors and hedge funds.

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.