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

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

Separately, Benchmark reaffirmed a “hold” rating on shares of Intevac in a report on Tuesday, November 12th.

Intevac Stock Up 0.2 %

NASDAQ IVAC opened at $4.03 on Wednesday. The company has a market cap of $109.49 million, a PE ratio of -12.21 and a beta of 0.65. Intevac has a 52 week low of $2.46 and a 52 week high of $4.42. The firm’s 50-day simple moving average is $3.64 and its two-hundred day simple moving average is $3.38.

Intevac Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a $0.05 dividend. The ex-dividend date is Friday, February 28th. Intevac’s dividend payout ratio (DPR) is -60.61%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its position in shares of Intevac by 203.2% in the fourth 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 last quarter. XTX Topco Ltd bought a new position in shares of Intevac in the third quarter worth approximately $49,000. Boothbay Fund Management LLC increased its position in shares of Intevac by 49.2% in 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 purchasing an additional 9,700 shares during the last quarter. Finally, Marquette Asset Management LLC increased its position in shares of Intevac by 29.0% in the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after purchasing an additional 14,888 shares during 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.