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

Zacks Investment Research lowered shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a sell rating in a research report report published on Wednesday, 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. “

Separately, TheStreet downgraded shares of TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th.



NYSEAMERICAN:INTT opened at $4.61 on Wednesday. inTEST has a 52 week low of $4.50 and a 52 week high of $9.44.

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

Large investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC acquired a new position in shares of inTEST in the first quarter worth $140,000. BlackRock Inc. grew its stake in shares of inTEST by 2.1% in the fourth quarter. BlackRock Inc. now owns 566,717 shares of the semiconductor company’s stock worth $3,474,000 after acquiring an additional 11,479 shares in the last quarter. Globeflex Capital L P grew its stake in shares of inTEST by 43.7% in the first quarter. Globeflex Capital L P now owns 47,006 shares of the semiconductor company’s stock worth $316,000 after acquiring an additional 14,306 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of inTEST by 18.4% in the first quarter. Wedge Capital Management L L P NC now owns 182,823 shares of the semiconductor company’s stock worth $1,229,000 after acquiring an additional 28,428 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of inTEST in the fourth quarter worth $104,000.

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: Growth Stocks

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.