Peapod Lane Capital LLC Takes Position in Intevac, Inc. (NASDAQ:IVAC)

Peapod Lane Capital LLC purchased a new stake in Intevac, Inc. (NASDAQ:IVAC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 459,450 shares of the electronics maker’s stock, valued at approximately $1,562,000. Intevac accounts for about 1.5% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Peapod Lane Capital LLC owned about 1.70% of Intevac at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVAC. Royce & Associates LP raised its position in Intevac by 1.2% in the 3rd quarter. Royce & Associates LP now owns 3,545,897 shares of the electronics maker’s stock valued at $12,056,000 after buying an additional 43,052 shares during the last quarter. Geode Capital Management LLC increased its stake in Intevac by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock valued at $977,000 after buying an additional 8,063 shares during the last quarter. RBF Capital LLC lifted its position in shares of Intevac by 6.6% during the 3rd quarter. RBF Capital LLC now owns 221,553 shares of the electronics maker’s stock worth $753,000 after buying an additional 13,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Intevac by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,336 shares of the electronics maker’s stock worth $382,000 after acquiring an additional 10,013 shares during the period. Finally, Marquette Asset Management LLC lifted its holdings in Intevac by 29.0% during the fourth quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 14,888 shares during the period. Institutional investors own 60.27% of the company’s stock.

Intevac Trading Down 2.6 %

Shares of IVAC opened at $3.38 on Thursday. The business’s 50-day moving average price is $3.36 and its 200-day moving average price is $3.35. Intevac, Inc. has a twelve month low of $2.46 and a twelve month high of $4.42.

Intevac (NASDAQ:IVAC) last posted its earnings results on Monday, November 11th. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. Intevac had a negative return on equity of 8.82% and a negative net margin of 13.55%. The business had revenue of $28.51 million during the quarter.

Analysts Set New Price Targets

Several analysts have commented on IVAC shares. Benchmark reaffirmed a “hold” rating on shares of Intevac in a research report on Tuesday, November 12th. StockNews.com initiated coverage on Intevac in a research note on Wednesday, January 1st. They issued a “hold” rating on the stock.

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.