Intevac (NASDAQ:IVAC) Now Covered by StockNews.com

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

Intevac Price Performance

IVAC stock opened at $4.00 on Tuesday. Intevac has a 1 year low of $2.46 and a 1 year high of $4.42. The firm has a market capitalization of $108.54 million, a PE ratio of -12.11 and a beta of 0.62. The business has a 50 day simple moving average of $4.01 and a 200-day simple moving average of $3.53.

Intevac Dividend Announcement

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

Institutional Investors Weigh In On Intevac

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its holdings in Intevac by 203.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,713 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 7,180 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in Intevac by 49.2% in the fourth quarter. Boothbay Fund Management LLC now owns 34,426 shares of the electronics maker’s stock valued at $117,000 after acquiring an additional 11,353 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Intevac by 32.3% in the fourth 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 during the period. Marquette Asset Management LLC increased its stake in Intevac by 29.0% during the fourth 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 during the last quarter. Finally, Squarepoint Ops LLC raised its position in Intevac by 56.5% in the fourth quarter. Squarepoint Ops LLC now owns 76,256 shares of the electronics maker’s stock valued at $259,000 after purchasing an additional 27,532 shares during the period. 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.