Seelaus Asset Management LLC trimmed its holdings in shares of Intevac, Inc. (NASDAQ:IVAC – Get Rating) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,375 shares of the electronics maker’s stock after selling 1,500 shares during the period. Seelaus Asset Management LLC owned about 0.08% of Intevac worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in IVAC. Charles Schwab Investment Management Inc. bought a new position in shares of Intevac in the 1st quarter worth $83,000. Gamco Investors INC. ET AL raised its holdings in Intevac by 10.0% in the second quarter. Gamco Investors INC. ET AL now owns 55,000 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 5,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Intevac in the first quarter worth about $594,000. Millennium Management LLC lifted its position in shares of Intevac by 3.6% during the second quarter. Millennium Management LLC now owns 112,464 shares of the electronics maker’s stock valued at $544,000 after buying an additional 3,902 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of Intevac by 20.1% in the 1st quarter. Ancora Advisors LLC now owns 139,741 shares of the electronics maker’s stock valued at $999,000 after buying an additional 23,360 shares in the last quarter. Hedge funds and other institutional investors own 68.37% of the company’s stock.
Insider Activity at Intevac
In other news, Director Kevin D. Barber purchased 5,000 shares of the stock in a transaction on Friday, February 17th. The stock was bought at an average price of $7.43 per share, with a total value of $37,150.00. Following the transaction, the director now owns 44,000 shares in the company, valued at approximately $326,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Intevac news, CFO James P. Moniz acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, February 8th. The shares were acquired at an average cost of $6.98 per share, with a total value of $69,800.00. Following the acquisition, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $139,600. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin D. Barber acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was acquired at an average price of $7.43 per share, for a total transaction of $37,150.00. Following the purchase, the director now directly owns 44,000 shares of the company’s stock, valued at $326,920. The disclosure for this purchase can be found here. Insiders have bought a total of 104,231 shares of company stock valued at $698,414 in the last ninety days. Company insiders own 3.30% of the company’s stock.
Intevac Trading Up 3.2 %
Wall Street Analysts Forecast Growth
IVAC has been the subject of several recent analyst reports. Benchmark upgraded shares of Intevac from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, January 3rd. StockNews.com started coverage on Intevac in a report on Thursday, March 16th. They set a “hold” rating for the company. Partner Cap Sec raised Intevac from a “valuation buy” rating to a “fundamental buy” rating in a research report on Monday, February 6th. Finally, TheStreet raised Intevac from a “d+” rating to a “c-” rating in a research report on Thursday, February 2nd.
About Intevac
Intevac, Inc engages in the design, manufacture and marketing of thin-film processing systems, digital sensors, cameras and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell and DCP industries, as well as other adjacent thin-film markets.
Read More
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