According to a recent 13G filing with the SEC, Chuck Royce‘s Royce & Associates owns 2.11 million shares of Intevac Inc (NASDAQ:IVAC), which account for 10.2% of the company’s outstanding shares. This represents an increase of 91,600 shares since Royce & Associates’ 13F filing for the reporting period of March 31, in which it reported ownership of close to 2.02 million shares.
Intevac (NASDAQ:IVAC) is a company that provides vacuum deposition equipment, digital night-vision devices, and other products to the defense industry, and operates in two sectors – Photonics and Thin-film Equipment. Year-to-date, the company’s stock is up by 6.16%. For the first quarter of 2016, the company reported financial results of a loss per share of $0.31 on revenue of $13.7 million, versus estimates of a loss per share of $0.25 and revenue of $11.58 million. At the beginning of May, B. Riley reiterated its ‘Neutral’ rating on Intevac’s stock, along with a price target of $5.25, while Maxim Group upgraded its rating on the stock to ‘Buy’ from ‘Hold’.
According to Insider Monkey’s database, Intevac (NASDAQ:IVAC) was in 5 hedge funds’ portfolios at the end of March, with the biggest position being held by First Eagle Investment Management, worth around $21.72 million. The second-most valuable position was held Royce & Associates, valued at $9.07 million. Other investors long the stock encompassed Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management, Jim Simons’ Renaissance Technologies, and John Overdeck and David Siegel’s Two Sigma Advisors.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Royce Associates | 2,106,840 | 10.2% |
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Page 1 of 2 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information statement pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.6)
Intevac, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
461148108
(CUSIP Number)
Date of Event Which Requires Filing of this Statement: May 31, 2016
*The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No. 461148108 13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Royce & Associates, LLC 52-2343049
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 5 SOLE VOTING POWER
SHARES 2,106,840
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,106,840
PERSON 8 SHARED DISPOSITIVE POWER
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 2,106,840
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.2%
12 TYPE OF REPORTING PERSON
IA
CUSIP No. 461148108 13G
Item 1(a) Name of Issuer:
Intevac, Inc.
Item 1(b) Address of Issuer’s Principal Executive Offices:
Chief Financial Officer
3560 Bassett Street
Santa Clara, CA 95054
Item 2(a) Name of Persons Filing:
Royce & Associates, LLC
Item 2(b) Address of Principal Business Office, or, if None, Residence:
745 Fifth Avenue, New York, NY 10151
Item 2(c) Citizenship:
New York Corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
461148108
Item 3 If this statement is filed pursuant to rules 13d-1(b), or 13d-
2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act
(e) [X] Investment Adviser registered under Section 203 of
the Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1 (b)(ii)(G)
(h) [ ] Group
CUSIP No. 461148108 13G
Item 4 Ownership
(a) Amount Beneficially Owned:
2,106,840
(b) Percent of Class:
10.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
2,106,840
(ii) shared power to vote or to direct the vote
__________
(iii) sole power to dispose or to direct the disposition
of 2,106,840
(iv) shared power to dispose or to direct the
disposition of __________
Item 5 Ownership of Five Percent or Less of a Class. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another Person .
NONE
Item 7 Identification and Classification of the Subsidiary Which Acquired
The Security Being Reported on by the Parent Holding
Company.
NOT APPLICABLE
Item 8 Identification and Classification of Members of the Group.
NOT APPLICABLE
Item 9 Notice of Dissolution of Group.
NOT APPLICABLE
CUSIP No. 461148108 13G
Item 10 Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with
or as a participant in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement with respect
to it is true, complete and correct.
Date: June 06, 2016
