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

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Zacks Investment Research lowered shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a sell rating in a 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 TIM Participacoes from a b rating to a c+ rating in a research report on Tuesday, June 4th.

Shares of INTT opened at $4.61 on Wednesday. inTEST has a fifty-two week low of $4.50 and a fifty-two week high of $9.44.

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

Several large investors have recently bought and sold shares of INTT. LSV Asset Management boosted its holdings in inTEST by 39.9% in the 1st quarter. LSV Asset Management now owns 200,657 shares of the semiconductor company’s stock worth $1,348,000 after buying an additional 57,200 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in inTEST by 18.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 182,823 shares of the semiconductor company’s stock worth $1,229,000 after buying an additional 28,428 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in inTEST in the 1st quarter worth about $140,000. Alambic Investment Management L.P. boosted its holdings in inTEST by 105.6% in the 1st quarter. Alambic Investment Management L.P. now owns 36,054 shares of the semiconductor company’s stock worth $242,000 after buying an additional 18,522 shares during the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in inTEST in the 4th quarter worth about $110,000.

About inTEST

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.

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