inTest (NYSEAMERICAN:INTT) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of inTest (NYSEAMERICAN:INTT) from a hold rating to a buy rating in a research note published on Wednesday, March 14th. They currently have $9.50 price objective 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, Sidoti started coverage on inTest in a report on Monday, January 22nd. They issued a $11.00 price target for the company.

Shares of inTest (INTT) opened at $7.25 on Wednesday. inTest has a 12 month low of $5.95 and a 12 month high of $10.25. The firm has a market capitalization of $96.79, a price-to-earnings ratio of 11.51 and a beta of 0.21.

inTest (NYSEAMERICAN:INTT) last issued its quarterly earnings results on Thursday, March 8th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.16. inTest had a return on equity of 18.96% and a net margin of 11.63%. The business had revenue of $19.38 million for the quarter.

Hedge funds have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan acquired a new position in inTest during the fourth quarter valued at approximately $374,000. Millennium Management LLC bought a new stake in shares of inTest during the fourth quarter worth $178,000. Two Sigma Investments LP bought a new stake in shares of inTest in the fourth quarter worth $119,000. Deutsche Bank AG grew its stake in shares of inTest by 35.2% in the fourth quarter. Deutsche Bank AG now owns 88,337 shares of the semiconductor company’s stock worth $764,000 after purchasing an additional 23,014 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of inTest by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 780,500 shares of the semiconductor company’s stock worth $6,751,000 after purchasing an additional 52,100 shares during the last quarter.

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inTest Company Profile

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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