inTEST Co. (NYSEMKT:INTT) major shareholder Nokomis Capital, L.L.C. sold 120,000 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $9.40, for a total value of $1,128,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
inTEST Co. (NYSEMKT:INTT) opened at 9.65 on Friday. inTEST Co. has a 52 week low of $3.74 and a 52 week high of $10.25. The firm’s 50-day moving average price is $8.07 and its 200 day moving average price is $7.49. The company has a market capitalization of $99.24 million and a PE ratio of 17.67.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of inTEST by 32.3% in the second quarter. LSV Asset Management now owns 92,500 shares of the semiconductor company’s stock worth $619,000 after acquiring an additional 22,600 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of inTEST in the second quarter worth $450,000. Spark Investment Management LLC grew its stake in shares of inTEST by 502.1% in the second quarter. Spark Investment Management LLC now owns 85,500 shares of the semiconductor company’s stock worth $568,000 after acquiring an additional 71,300 shares during the last quarter. Algert Global LLC purchased a new stake in shares of inTEST in the second quarter worth $919,000. Finally, Thompson Davis & CO. Inc. grew its stake in shares of inTEST by 38.9% in the second quarter. Thompson Davis & CO. Inc. now owns 18,750 shares of the semiconductor company’s stock worth $125,000 after acquiring an additional 5,250 shares during the last quarter.
Several equities analysts have weighed in on the company. Sidoti assumed coverage on inTEST in a research note on Tuesday, September 5th. They set a “buy” rating on the stock. Dougherty & Co assumed coverage on inTEST in a research note on Friday, October 6th. They set a “buy” rating and a $11.00 price objective on the stock.
inTEST Corporation is an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are used by semiconductor manufacturers in conjunction with automated test equipment (ATE), in the testing of integrated circuit (ICs). The Company operates through three segments: Thermal Products, Mechanical Products and Electrical Products.
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