Intevac (NASDAQ:IVAC) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Intevac (NASDAQ:IVAC) in a research report sent to investors on Wednesday. The firm issued a sell rating on the electronics maker’s stock.

Separately, Benchmark restated a “hold” rating on shares of Intevac in a research note on Tuesday, November 12th.

Intevac Stock Up 0.2 %

Intevac stock opened at $4.03 on Wednesday. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42. The firm’s fifty day moving average is $3.64 and its 200 day moving average is $3.38. The company has a market capitalization of $109.49 million, a PE ratio of -12.21 and a beta of 0.65.

Intevac Dividend Announcement

The company also recently announced a — dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 28th. Intevac’s payout ratio is -60.61%.

Institutional Trading of Intevac

Several institutional investors have recently made changes to their positions in IVAC. Cubist Systematic Strategies LLC grew its stake in shares of Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock worth $36,000 after acquiring an additional 7,180 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Intevac in the 3rd quarter worth $49,000. Boothbay Fund Management LLC grew its stake in shares of Intevac by 49.2% in the 4th quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock worth $117,000 after acquiring an additional 11,353 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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. Finally, Marquette Asset Management LLC grew its stake in shares of Intevac by 29.0% in the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 14,888 shares in the last quarter. Institutional investors own 60.27% of the company’s stock.

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.