inTEST (INTT) Upgraded 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 research note issued to investors on Wednesday, January 10th. The firm presently has a $10.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.89% 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. “

Separately, Dougherty & Co started coverage on shares of inTEST in a research report on Friday, October 6th. They set a “buy” rating and a $11.00 price objective for the company.

Shares of inTEST (NYSEAMERICAN INTT) opened at $9.10 on Wednesday. inTEST has a 12 month low of $4.50 and a 12 month high of $10.25. The firm has a market cap of $94.76, a PE ratio of 14.44 and a beta of 0.09.

inTEST (NYSEAMERICAN:INTT) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. inTEST had a net margin of 11.63% and a return on equity of 18.96%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in inTEST by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 62,139 shares of the semiconductor company’s stock worth $413,000 after acquiring an additional 521 shares during the last quarter. Northern Trust Corp boosted its stake in shares of inTEST by 45.5% in the 2nd quarter. Northern Trust Corp now owns 27,572 shares of the semiconductor company’s stock valued at $183,000 after purchasing an additional 8,620 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of inTEST by 14.4% in the 2nd quarter. Vanguard Group Inc. now owns 132,788 shares of the semiconductor company’s stock valued at $890,000 after purchasing an additional 16,716 shares during the last quarter. LSV Asset Management boosted its stake in shares of inTEST by 32.3% in the 2nd quarter. LSV Asset Management now owns 92,500 shares of the semiconductor company’s stock valued at $619,000 after purchasing an additional 22,600 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of inTEST in the 2nd quarter valued at $229,000.

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About inTEST

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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