Two Sigma Investments LP increased its position in Intevac, Inc. (NASDAQ:IVAC) by 380.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 89,589 shares of the electronics maker’s stock after purchasing an additional 70,941 shares during the period. Two Sigma Investments LP owned 0.41% of Intevac worth $614,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in Intevac by 1,307.7% during the 2nd quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock valued at $2,732,000 after buying an additional 228,670 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Intevac by 2,509,200.0% in the 3rd quarter. Wells Fargo & Company MN now owns 25,093 shares of the electronics maker’s stock worth $212,000 after buying an additional 25,092 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Intevac by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 869,615 shares of the electronics maker’s stock worth $7,348,000 after buying an additional 38,859 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Intevac in the 3rd quarter worth $216,000. Finally, Algert Global LLC raised its position in Intevac by 65.6% in the third quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock valued at $2,100,000 after purchasing an additional 98,468 shares during the period. 70.26% of the stock is owned by institutional investors and hedge funds.
In other news, Director David S. Dury acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $6.23 per share, with a total value of $31,150.00. Following the completion of the purchase, the director now owns 34,000 shares of the company’s stock, valued at $211,820. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder April Fund Ltd. 21 acquired 88,183 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were purchased at an average cost of $6.81 per share, for a total transaction of $600,526.23. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 370,964 shares of company stock valued at $2,382,072. 13.90% of the stock is owned by company insiders.
Intevac stock opened at $6.20 on Friday. Intevac, Inc. has a 1 year low of $6.00 and a 1 year high of $14.15. The company has a market capitalization of $140.87, a price-to-earnings ratio of 36.47 and a beta of 0.88.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings results on Wednesday, January 31st. The electronics maker reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The business had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $24.80 million. During the same period in the previous year, the company posted $0.13 EPS. Intevac’s revenue was down 14.5% on a year-over-year basis. equities analysts forecast that Intevac, Inc. will post 0.22 EPS for the current year.
Several research analysts have commented on the company. Zacks Investment Research lowered Intevac from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Maxim Group restated a “buy” rating and set a $12.00 target price on shares of Intevac in a research note on Thursday, February 1st. B. Riley reiterated a “buy” rating and issued a $11.50 price target (down from $14.00) on shares of Intevac in a research note on Thursday, February 1st. Noble Financial restated a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. Finally, ValuEngine downgraded Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.10.
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Intevac, Inc (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company’s segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives.
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