inTEST (NYSEAMERICAN:INTT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $9.75 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.07% from the company’s previous close.
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. “
INTT has been the topic of several other reports. Sidoti initiated coverage on shares of inTEST in a report on Tuesday, September 5th. They set a “buy” rating on the stock. Dougherty & Co initiated coverage on shares of inTEST in a report on Friday, October 6th. They set a “buy” rating and a $11.00 price objective on the stock.
inTEST (NYSEAMERICAN:INTT) traded up $0.05 during mid-day trading on Wednesday, reaching $8.70. 47,852 shares of the company traded hands, compared to its average volume of 84,094. inTEST has a 52 week low of $4.13 and a 52 week high of $10.25.
In other inTEST news, major shareholder Thomas A. Satterfield, Jr. sold 15,000 shares of inTEST stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $8.30, for a total transaction of $124,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Nokomis Capital, L.L.C. sold 120,000 shares of inTEST stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $9.40, for a total transaction of $1,128,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 321,883 shares of company stock worth $2,808,306.
Institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management increased its position in shares of inTEST by 32.3% during the second quarter. LSV Asset Management now owns 92,500 shares of the semiconductor company’s stock valued at $619,000 after acquiring an additional 22,600 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in shares of inTEST during the second quarter valued at about $301,000. Hillsdale Investment Management Inc. acquired a new position in shares of inTEST in the third quarter valued at approximately $815,000. EAM Investors LLC acquired a new position in shares of inTEST in the second quarter valued at approximately $450,000. Finally, Spark Investment Management LLC grew its holdings 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 valued at $568,000 after purchasing an additional 71,300 shares in the last quarter.
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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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