GSA Capital Partners LLP bought a new position in shares of Intevac, Inc. (NASDAQ:IVAC) during the third quarter, HoldingsChannel.com reports. The fund bought 37,602 shares of the electronics maker’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also made changes to their positions in IVAC. State Street Corp grew its position in shares of Intevac by 1,307.7% during the second quarter. State Street Corp now owns 246,157 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 228,670 shares during the last quarter. OxFORD Asset Management LLP grew its position in shares of Intevac by 835.4% during the second quarter. OxFORD Asset Management LLP now owns 217,312 shares of the electronics maker’s stock worth $2,412,000 after acquiring an additional 194,081 shares during the last quarter. Algert Global LLC grew its position in shares of Intevac by 65.6% during the third quarter. Algert Global LLC now owns 248,552 shares of the electronics maker’s stock worth $2,100,000 after acquiring an additional 98,468 shares during the last quarter. QS Investors LLC purchased a new position in shares of Intevac during the second quarter worth approximately $963,000. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Intevac during the second quarter worth approximately $834,000. Institutional investors and hedge funds own 70.10% of the company’s stock.

Shares of Intevac, Inc. (NASDAQ IVAC) opened at $6.85 on Tuesday. Intevac, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $14.15. The firm has a market capitalization of $149.25, a price-to-earnings ratio of 21.41 and a beta of 0.85.

Intevac (NASDAQ:IVAC) last issued its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.04 earnings per share for the quarter. Intevac had a return on equity of 8.80% and a net margin of 5.97%. The firm had revenue of $26.70 million during the quarter, compared to the consensus estimate of $25.50 million. During the same period last year, the company earned ($0.02) earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts predict that Intevac, Inc. will post 0.12 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Intevac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley restated a “buy” rating and set a $14.00 target price on shares of Intevac in a research report on Tuesday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Intevac in a report on Tuesday, October 31st. Noble Financial raised Intevac from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Maxim Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Intevac in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Intevac has an average rating of “Buy” and an average price target of $12.60.

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Intevac Company Profile

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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Institutional Ownership by Quarter for Intevac (NASDAQ:IVAC)

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