inTest (NYSEAMERICAN:INTT) was downgraded by equities researchers at TheStreet from a “b+” rating to a “c+” rating in a note issued to investors on Tuesday, March 13th.
Other analysts also recently issued reports about the company. Sidoti assumed coverage on inTest in a research note on Monday, January 22nd. They issued a $11.00 price target on the stock. Zacks Investment Research upgraded inTest from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, January 10th.
Shares of NYSEAMERICAN INTT opened at $6.62 on Tuesday. inTest has a fifty-two week low of $6.00 and a fifty-two week high of $10.25.
inTest (NYSEAMERICAN:INTT) last announced its earnings results on Thursday, March 8th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.16. inTest had a return on equity of 18.96% and a net margin of 11.63%. The company had revenue of $19.38 million for the quarter.
A number of hedge funds and other institutional investors have recently made changes to their positions in INTT. Two Sigma Investments LP acquired a new stake in shares of inTest during the 4th quarter worth approximately $119,000. Millennium Management LLC acquired a new stake in inTest in the 4th quarter valued at approximately $178,000. Navellier & Associates Inc acquired a new stake in inTest in the 4th quarter valued at approximately $214,000. Northern Trust Corp increased its position in 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 acquiring an additional 8,620 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in inTest in the 4th quarter valued at approximately $374,000.
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inTEST Corporation designs, manufactures, and markets thermal, mechanical, and electrical products for use in the testing of integrated circuits (ICs) worldwide. The company operates through two segments, inTEST Thermal Solutions and inTEST Electromechanical Semiconductor Products. The inTEST Thermal Solutions segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, ThermoChuck precision vacuum platform assemblies, and Thermonics temperature conditioning products.
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