inTEST (NYSEAMERICAN:INTT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $9.75 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.37% from the company’s previous close.

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. “

Other analysts also recently issued reports about the stock. Sidoti began coverage on shares of inTEST in a report on Tuesday, September 5th. They issued a “buy” rating on the stock. Dougherty & Co initiated coverage on shares of inTEST in a report on Friday, October 6th. They issued a “buy” rating and a $11.00 price target on the stock.

Shares of inTEST (NYSEAMERICAN:INTT) traded down $0.15 during midday trading on Wednesday, reaching $8.60. 64,570 shares of the company’s stock were exchanged, compared to its average volume of 100,486. inTEST has a one year low of $4.26 and a one year high of $10.25.

In other inTEST news, insider Thomas A. Satterfield, Jr. sold 55,000 shares of inTEST stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $8.31, for a total value of $457,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Nokomis Capital, L.L.C. sold 120,000 shares of inTEST stock in a transaction on Monday, October 9th. The stock was sold at an average price of $9.40, for a total transaction of $1,128,000.00. The disclosure for this sale can be found here. Insiders sold a total of 321,883 shares of company stock valued at $2,808,306 over the last three months.

Hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its stake in shares of inTEST by 38.9% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 18,750 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 5,250 shares during the period. Northern Trust Corp boosted its stake in shares of inTEST by 45.5% during the 2nd quarter. Northern Trust Corp now owns 27,572 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 8,620 shares during the period. PDT Partners LLC purchased a new position in shares of inTEST during the 2nd quarter worth about $229,000. Virtu KCG Holdings LLC purchased a new position in shares of inTEST during the 2nd quarter worth about $301,000. Finally, HighTower Advisors LLC boosted its stake in shares of inTEST by 0.8% during the 2nd quarter. HighTower Advisors LLC now owns 62,139 shares of the semiconductor company’s stock worth $413,000 after purchasing an additional 521 shares during the period.

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inTEST Company Profile

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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