inTEST (INTT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of inTEST (NYSEAMERICAN:INTT) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “InTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits and wafers. The Company’s high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. “

Separately, Dougherty & Co started coverage on shares of inTEST in a report on Friday, October 6th. They set a buy rating and a $11.00 price target on the stock.

Shares of inTEST (NYSEAMERICAN INTT) opened at $8.90 on Friday. inTEST has a one year low of $4.50 and a one year high of $10.25. The stock has a market cap of $92.68, a price-to-earnings ratio of 14.13 and a beta of 0.09.

inTEST (NYSEAMERICAN:INTT) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. inTEST had a net margin of 11.63% and a return on equity of 18.96%.

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of inTEST by 45.5% during the 2nd quarter. Northern Trust Corp now owns 27,572 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 8,620 shares in the last quarter. PDT Partners LLC purchased a new position in shares of inTEST during the 2nd quarter valued at $229,000. Virtu KCG Holdings LLC purchased a new position in shares of inTEST during the 2nd quarter valued at $301,000. HighTower Advisors LLC grew its holdings in shares of inTEST by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 62,139 shares of the semiconductor company’s stock valued at $413,000 after acquiring an additional 521 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of inTEST during the 2nd quarter valued at $450,000.

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About inTEST

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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