Cornerstone Capital Management Holdings LLC. bought a new position in Intevac, Inc. (NASDAQ:IVAC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,700 shares of the electronics maker’s stock, valued at approximately $216,000. Cornerstone Capital Management Holdings LLC. owned 0.12% of Intevac at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. PEAK6 Investments L.P. increased its holdings in shares of Intevac by 73.6% during the 3rd quarter. PEAK6 Investments L.P. now owns 76,768 shares of the electronics maker’s stock worth $649,000 after purchasing an additional 32,558 shares during the period. Royce & Associates LP increased its holdings in shares of Intevac by 3.3% during the 3rd quarter. Royce & Associates LP now owns 1,402,775 shares of the electronics maker’s stock worth $11,853,000 after purchasing an additional 44,854 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Intevac by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 869,615 shares of the electronics maker’s stock worth $7,348,000 after purchasing an additional 38,859 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Intevac by 2,509,200.0% during the 3rd quarter. Wells Fargo & Company MN now owns 25,093 shares of the electronics maker’s stock worth $212,000 after purchasing an additional 25,092 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Intevac by 68.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 45,992 shares of the electronics maker’s stock worth $389,000 after purchasing an additional 18,668 shares during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Shares of Intevac, Inc. (NASDAQ:IVAC) opened at $6.95 on Friday. Intevac, Inc. has a 12-month low of $6.20 and a 12-month high of $14.15. The firm has a market cap of $150.34, a PE ratio of 21.72 and a beta of 0.85.

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

Several research firms have recently issued reports on IVAC. Zacks Investment Research downgraded shares of Intevac from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of Intevac in a report on Tuesday, October 31st. Benchmark restated a “hold” rating on shares of Intevac in a report on Tuesday, October 31st. Noble Financial upgraded shares of Intevac from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Maxim Group reiterated a “buy” rating and set a $13.00 target price on shares of Intevac in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.60.

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About Intevac

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.

Institutional Ownership by Quarter for Intevac (NASDAQ:IVAC)

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