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

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

Intevac Stock Down 0.1 %

Shares of IVAC stock opened at $4.00 on Monday. The company has a market capitalization of $108.54 million, a price-to-earnings ratio of -12.11 and a beta of 0.62. The firm has a fifty day moving average of $3.98 and a 200-day moving average of $3.50. Intevac has a 12-month low of $2.46 and a 12-month high of $4.42.

Intevac Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IVAC. Renaissance Technologies LLC lifted its position in Intevac by 7.8% during the fourth quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock worth $2,108,000 after acquiring an additional 44,804 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Intevac by 13.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 590,428 shares of the electronics maker’s stock worth $2,007,000 after purchasing an additional 71,100 shares during the period. Peapod Lane Capital LLC acquired a new stake in Intevac during the fourth quarter worth about $1,562,000. Gabelli Funds LLC lifted its stake in Intevac by 1.9% during the fourth quarter. Gabelli Funds LLC now owns 317,299 shares of the electronics maker’s stock worth $1,079,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Intevac by 2.9% during the third quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after acquiring an additional 8,063 shares in the last quarter. 60.27% of the stock is owned by institutional investors and hedge funds.

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.