PEAK6 Investments L.P. cut its holdings in Intevac, Inc. (NASDAQ:IVAC) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,158 shares of the electronics maker’s stock after selling 21,610 shares during the period. PEAK6 Investments L.P. owned about 0.25% of Intevac worth $378,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Intevac by 177.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 71,200 shares of the electronics maker’s stock worth $487,000 after purchasing an additional 45,500 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Intevac by 23.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 64,381 shares of the electronics maker’s stock worth $441,000 after purchasing an additional 12,404 shares during the period. Two Sigma Investments LP boosted its stake in shares of Intevac by 380.4% during the 4th quarter. Two Sigma Investments LP now owns 89,589 shares of the electronics maker’s stock worth $614,000 after purchasing an additional 70,941 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Intevac by 159.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,252 shares of the electronics maker’s stock worth $289,000 after purchasing an additional 25,979 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Intevac by 98.6% during the 4th quarter. Deutsche Bank AG now owns 243,241 shares of the electronics maker’s stock worth $1,665,000 after purchasing an additional 120,793 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.
In other Intevac news, major shareholder April Fund Ltd. 21 purchased 88,183 shares of the stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $6.81 per share, with a total value of $600,526.23. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David S. Dury purchased 5,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $6.23 per share, with a total value of $31,150.00. Following the transaction, the director now directly owns 34,000 shares in the company, valued at approximately $211,820. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 370,964 shares of company stock valued at $2,382,072. 13.90% of the stock is owned by corporate insiders.
A number of research firms recently commented on IVAC. Zacks Investment Research cut shares of Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Maxim Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Intevac in a research note on Thursday, February 1st. B. Riley reaffirmed a “buy” rating and set a $11.50 price target (down from $14.00) on shares of Intevac in a research note on Thursday, February 1st. Noble Financial reaffirmed a “buy” rating on shares of Intevac in a research note on Thursday, January 18th. Finally, ValuEngine cut shares of Intevac from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. One 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. Intevac presently has a consensus rating of “Hold” and a consensus target price of $12.10.
Intevac stock traded down $0.15 during trading hours on Friday, hitting $6.30. The company had a trading volume of 157,755 shares, compared to its average volume of 138,155. The stock has a market cap of $142.28, a price-to-earnings ratio of 37.06 and a beta of 0.88. Intevac, Inc. has a 1 year low of $6.00 and a 1 year high of $14.15.
Intevac (NASDAQ:IVAC) last released its quarterly earnings data on Wednesday, January 31st. The electronics maker reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. The company had revenue of $24.80 million during the quarter, compared to analysts’ expectations of $24.80 million. Intevac had a net margin of 3.65% and a return on equity of 4.89%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. research analysts predict that Intevac, Inc. will post 0.22 earnings per share for the current year.
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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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