inTEST (INTT) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a sell rating in a research note issued to investors on Friday morning, 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 research firms have also issued reports on INTT. Lake Street Capital started coverage on inTEST in a report on Friday, February 8th. They issued a buy rating and a $9.00 target price on the stock. TheStreet raised inTEST from a c rating to a b rating in a report on Monday, March 11th.

INTT opened at $5.25 on Friday. inTEST has a 12-month low of $5.14 and a 12-month high of $9.44.

inTEST (NYSEAMERICAN:INTT) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $18.06 million during the quarter.

Large investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of inTEST during the 4th quarter worth approximately $104,000. Alambic Investment Management L.P. bought a new position in shares of inTEST during the 4th quarter worth approximately $107,000. IHT Wealth Management LLC bought a new position in shares of inTEST during the 4th quarter worth approximately $110,000. JPMorgan Chase & Co. lifted its position in shares of inTEST by 38.8% during the 1st quarter. JPMorgan Chase & Co. now owns 20,558 shares of the semiconductor company’s stock worth $138,000 after buying an additional 5,748 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of inTEST during the 1st quarter worth approximately $140,000.

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.

Featured Article: Recession

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.