Is it smart to be bullish on Intevac, Inc. (NASDAQ:IVAC)?
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Now that that’s out of the way, we’re going to study the newest info surrounding Intevac, Inc. (NASDAQ:IVAC).
How are hedge funds trading Intevac, Inc. (NASDAQ:IVAC)?
Heading into Q3, a total of 9 of the hedge funds we track were bullish in this stock, a change of 29% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were increasing their holdings significantly.
When using filings from the hedgies we track, Matt McLennan’s First Eagle Investment Management had the biggest position in Intevac, Inc. (NASDAQ:IVAC), worth close to $19.9 million, comprising 0.1% of its total 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $4.7 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedgies with similar optimism include Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management, Jim Simons’s Renaissance Technologies and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.
Now, particular hedge funds have been driving this bullishness. First Eagle Investment Management, managed by Matt McLennan, established the most valuable position in Intevac, Inc. (NASDAQ:IVAC). First Eagle Investment Management had 19.9 million invested in the company at the end of the quarter. Chuck Royce’s Royce & Associates also made a $4.7 million investment in the stock during the quarter. The following funds were also among the new IVAC investors: Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management, Jim Simons’s Renaissance Technologies, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.
How have insiders been trading Intevac, Inc. (NASDAQ:IVAC)?
Legal insider trading, particularly when it’s bullish, is best served when the company in focus has experienced transactions within the past 180 days. Over the latest 180-day time frame, Intevac, Inc. (NASDAQ:IVAC) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also examine the relationship between both of these indicators in other stocks similar to Intevac, Inc. (NASDAQ:IVAC). These stocks are SL Industries, Inc. (NYSEAMEX:SLI), Maxwell Technologies Inc. (NASDAQ:MXWL), American Superconductor Corporation (NASDAQ:AMSC), Jinpan International Limited (NASDAQ:JST), and Sparton Corporation (NYSE:SPA). All of these stocks are in the diversified electronics industry and their market caps resemble IVAC’s market cap.
