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

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

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. “

Other analysts have also recently issued reports about the company. Lake Street Capital began coverage on inTEST in a research note on Friday, February 8th. They issued a buy rating and a $9.00 price target for the company. Dawson James reaffirmed a buy rating on shares of inTEST in a research note on Friday, December 28th. Finally, TheStreet cut shares of inTEST from a b rating to a c rating in a research note on Friday, November 2nd.

inTEST stock traded down $0.29 on Thursday, hitting $7.36. The company’s stock had a trading volume of 510 shares, compared to its average volume of 40,608. inTEST has a one year low of $5.45 and a one year high of $9.44.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in inTEST by 3.2% in the 2nd quarter. BlackRock Inc. now owns 553,929 shares of the semiconductor company’s stock worth $4,044,000 after buying an additional 17,388 shares during the period. Cadence Capital Management LLC bought a new stake in shares of inTEST in the third quarter worth $1,680,000. ClariVest Asset Management LLC bought a new stake in shares of inTEST in the third quarter worth $100,000. Globeflex Capital L P bought a new stake in shares of inTEST in the third quarter worth $253,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of inTEST by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 625,586 shares of the semiconductor company’s stock worth $4,848,000 after acquiring an additional 17,603 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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