inTEST (INTT) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research downgraded shares of inTEST (NYSEAMERICAN:INTT) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
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 assumed coverage on shares of inTEST in a research report on Friday, October 6th. They issued a buy rating and a $11.00 price objective on the stock.
Several institutional investors have recently added to or reduced their stakes in INTT. Northern Trust Corp lifted its holdings 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 purchasing an additional 8,620 shares in the last quarter. PDT Partners LLC purchased a new position in inTEST in the 2nd quarter valued at about $229,000. Virtu KCG Holdings LLC purchased a new position in inTEST in the 2nd quarter valued at about $301,000. HighTower Advisors LLC lifted its holdings in inTEST by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 62,139 shares of the semiconductor company’s stock valued at $413,000 after purchasing an additional 521 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in inTEST in the 2nd quarter valued at about $450,000.
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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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