inTEST (INTT) Stock Rating Lowered by Zacks Investment Research

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

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 inTEST in a report on Friday, October 6th. They set a buy rating and a $11.00 target price on the stock.

Shares of inTEST (NYSEAMERICAN INTT) opened at $8.90 on Friday. inTEST has a twelve month low of $4.50 and a twelve month high of $10.25. The company has a market capitalization of $92.68, a P/E 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. inTEST had a return on equity of 18.96% and a net margin of 11.63%.

Several hedge funds and other institutional investors have recently bought and sold shares of INTT. Hillsdale Investment Management Inc. bought a new position in shares of inTEST in the third quarter valued at $815,000. Dimensional Fund Advisors LP increased its holdings in shares of inTEST by 30.7% in the third quarter. Dimensional Fund Advisors LP now owns 389,425 shares of the semiconductor company’s stock valued at $3,232,000 after buying an additional 91,445 shares in the last quarter. EAM Investors LLC bought a new position in shares of inTEST in the second quarter valued at $450,000. Algert Global LLC increased its holdings in shares of inTEST by 32.8% in the third quarter. Algert Global LLC now owns 183,563 shares of the semiconductor company’s stock valued at $1,524,000 after buying an additional 45,326 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of inTEST in the second quarter valued at $301,000.

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inTEST Company Profile

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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