inTEST (NYSEAMERICAN:INTT) Lifted to “Buy” at Zacks Investment Research

inTEST (NYSEAMERICAN:INTT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The firm presently has a $5.25 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.29% from the company’s current price.

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. “

NYSEAMERICAN INTT opened at $4.76 on Wednesday. inTEST has a 12 month low of $4.10 and a 12 month high of $7.88.

inTEST (NYSEAMERICAN:INTT) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The company had revenue of $14.35 million for the quarter.

In other news, CEO James Pelrin bought 9,700 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $4.40 per share, for a total transaction of $42,680.00. Following the acquisition, the chief executive officer now owns 118,196 shares of the company’s stock, valued at $520,062.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Large investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of inTEST during the 2nd quarter worth about $66,000. Wedge Capital Management L L P NC grew its holdings in shares of inTEST by 14.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 209,737 shares of the semiconductor company’s stock worth $1,009,000 after purchasing an additional 26,914 shares during the period. Acadian Asset Management LLC grew its holdings in shares of inTEST by 12.7% during the 2nd quarter. Acadian Asset Management LLC now owns 91,960 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 10,380 shares during the period. Alambic Investment Management L.P. grew its holdings in shares of inTEST by 33.0% during the 2nd quarter. Alambic Investment Management L.P. now owns 47,954 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 11,900 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of inTEST by 0.7% during the 2nd quarter. BlackRock Inc. now owns 569,763 shares of the semiconductor company’s stock worth $2,740,000 after purchasing an additional 4,175 shares during the period.

inTEST Company Profile

inTEST Corporation designs, manufactures, and markets thermal management products and semiconductor automated test equipment interface solutions worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, Thermonics temperature conditioning products, and EKOHEAT and EASYHEAT induction heating systems.

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