inTEST (INTT) Coverage Initiated at Sidoti

Analysts at Sidoti initiated coverage on shares of inTEST (NYSEAMERICAN:INTT) in a report released on Monday, The Fly reports. The firm set a $11.00 price target on the semiconductor company’s stock. Sidoti’s target price would suggest a potential upside of 20.88% from the stock’s previous close.

Several other research firms have also recently commented on INTT. Zacks Investment Research raised inTEST from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, December 6th. Dougherty & Co initiated coverage on inTEST in a research note on Friday, October 6th. They set a “buy” rating and a $11.00 target price for the company.

Shares of inTEST (NYSEAMERICAN INTT) traded up $0.15 during mid-day trading on Monday, hitting $9.10. The stock had a trading volume of 46,700 shares, compared to its average volume of 65,031. The firm has a market capitalization of $94.76, a PE ratio of 14.44 and a beta of 0.09. inTEST has a 12 month low of $4.50 and a 12 month high of $10.25.

inTEST (NYSEAMERICAN:INTT) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. inTEST had a return on equity of 18.96% and a net margin of 11.63%.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in inTEST by 30.7% in the third quarter. Dimensional Fund Advisors LP now owns 389,425 shares of the semiconductor company’s stock worth $3,232,000 after acquiring an additional 91,445 shares in the last quarter. Algert Global LLC boosted its holdings in inTEST by 32.8% in the third quarter. Algert Global LLC now owns 183,563 shares of the semiconductor company’s stock worth $1,524,000 after acquiring an additional 45,326 shares in the last quarter. Vanguard Group Inc. boosted its holdings in inTEST by 14.4% in the second quarter. Vanguard Group Inc. now owns 132,788 shares of the semiconductor company’s stock worth $890,000 after acquiring an additional 16,716 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in inTEST in the third quarter worth approximately $815,000. Finally, EAM Investors LLC bought a new position in inTEST in the second quarter worth approximately $450,000.

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About inTEST

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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