inTEST (INTT) Rating Lowered to Sell at Zacks Investment Research

inTEST (NYSEAMERICAN:INTT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com 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. “

A number of other analysts have also recently issued reports on the stock. TheStreet upgraded shares of inTEST from a “c” rating to a “b” rating in a research note on Monday, March 11th. Lake Street Capital initiated coverage on shares of inTEST in a research note on Friday, February 8th. They set a “buy” rating and a $9.00 target price for the company.

Shares of INTT opened at $5.06 on Wednesday. inTEST has a one year low of $4.93 and a one year high of $9.44.

inTEST (NYSEAMERICAN:INTT) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $18.06 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of INTT. BlackRock Inc. lifted its stake in shares of inTEST by 2.1% during the 4th quarter. BlackRock Inc. now owns 566,717 shares of the semiconductor company’s stock worth $3,474,000 after buying an additional 11,479 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in inTEST in the 4th quarter worth about $107,000. Dimensional Fund Advisors LP raised its stake in inTEST by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 636,681 shares of the semiconductor company’s stock worth $3,903,000 after purchasing an additional 11,095 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in inTEST in the 4th quarter worth about $104,000. Finally, IHT Wealth Management LLC acquired a new stake in inTEST in the 4th quarter worth about $110,000.

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.

Recommended Story: Earnings Per Share (EPS)

Get a free copy of the Zacks research report on inTEST (INTT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for inTEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for inTEST and related companies with MarketBeat.com's FREE daily email newsletter.