Exhibit 23.2

CONSENT OF INDEPENDENT VALUATION FIRM

We consent to the inclusion in the Quarterly Report on Form 10-Q of Intevac, Inc. and subsidiaries for the quarterly period ended July 2, 2011 of references to our Valuation Report relating to the estimation of fair value of certain auction rate securities held by the Company as of July 2, 2011 and to references to our firm’s name therein.

/s/ Houlihan Capital Advisors, LLC

Chicago, Illinois
August 2, 2011