Zacks Investment Research upgraded shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a buy rating in a report published on Wednesday. The firm currently has $10.00 price target on the semiconductor company’s stock.
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, Dougherty & Co started coverage on shares of inTEST in a research note on Friday, October 6th. They issued a buy rating and a $11.00 price target on the stock.
inTEST (INTT) opened at $8.90 on Wednesday. The company has a market cap of $92.68, a P/E ratio of 14.13 and a beta of 0.09. inTEST has a one year low of $4.50 and a one year high of $10.25.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of inTEST by 30.7% during the third quarter. Dimensional Fund Advisors LP now owns 389,425 shares of the semiconductor company’s stock worth $3,232,000 after acquiring an additional 91,445 shares during the last quarter. Algert Global LLC grew its position in shares of inTEST by 32.8% during the third quarter. Algert Global LLC now owns 183,563 shares of the semiconductor company’s stock worth $1,524,000 after acquiring an additional 45,326 shares during the last quarter. Vanguard Group Inc. grew its position in shares of inTEST by 14.4% during the second quarter. Vanguard Group Inc. now owns 132,788 shares of the semiconductor company’s stock worth $890,000 after acquiring an additional 16,716 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of inTEST during the third quarter worth approximately $815,000. Finally, LSV Asset Management grew 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 worth $619,000 after acquiring an additional 22,600 shares during 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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