inTEST (NYSEAMERICAN:INTT) Downgraded by Zacks Investment Research to “Hold”

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inTEST (NYSEAMERICAN:INTT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, reports.

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, Lake Street Capital raised their target price on inTEST from $6.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, March 8th.

inTEST stock opened at $10.36 on Monday. The company has a market capitalization of $110.88 million, a PE ratio of 518.26, a price-to-earnings-growth ratio of 1.87 and a beta of 2.01. inTEST has a one year low of $2.85 and a one year high of $12.61. The business has a 50 day simple moving average of $5.77 and a 200 day simple moving average of $5.10.

inTEST (NYSEAMERICAN:INTT) last posted its earnings results on Thursday, March 4th. The semiconductor company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. inTEST had a return on equity of 3.22% and a net margin of 0.40%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kovack Advisors Inc. bought a new position in inTEST in the 4th quarter valued at $85,000. Wedge Capital Management L L P NC acquired a new stake in shares of inTEST in the 1st quarter valued at $156,000. Renaissance Technologies LLC increased its stake in shares of inTEST by 1.9% in the 4th quarter. Renaissance Technologies LLC now owns 814,737 shares of the semiconductor company’s stock valued at $5,288,000 after buying an additional 14,816 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of inTEST by 28.4% in the 4th quarter. Kennedy Capital Management Inc. now owns 295,388 shares of the semiconductor company’s stock valued at $1,917,000 after buying an additional 65,278 shares during the period. Finally, CM Management LLC acquired a new stake in shares of inTEST in the 4th quarter valued at $2,597,000. Hedge funds and other institutional investors own 42.26% of the company’s stock.

About inTEST

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, energy, industrial, medical, semiconductor, and telecommunications markets worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).

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