Cadence Capital Management LLC bought a new position in inTEST Co. (NYSEAMERICAN:INTT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 216,788 shares of the semiconductor company’s stock, valued at approximately $1,680,000. Cadence Capital Management LLC owned about 2.07% of inTEST at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Macquarie Group Ltd. raised its holdings in shares of inTEST by 114.6% in the 2nd quarter. Macquarie Group Ltd. now owns 45,913 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 24,521 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of inTEST by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 846,500 shares of the semiconductor company’s stock worth $6,179,000 after acquiring an additional 17,900 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of inTEST by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 607,983 shares of the semiconductor company’s stock worth $4,438,000 after acquiring an additional 51,699 shares during the last quarter. BlackRock Inc. raised its holdings in shares of inTEST by 3.2% in the 2nd quarter. BlackRock Inc. now owns 553,929 shares of the semiconductor company’s stock worth $4,044,000 after acquiring an additional 17,388 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in inTEST in the 2nd quarter valued at about $409,000.
INTT opened at $7.16 on Friday. inTEST Co. has a 12 month low of $5.75 and a 12 month high of $9.79.
inTEST (NYSEAMERICAN:INTT) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The firm had revenue of $20.16 million during the quarter.
Several research firms have commented on INTT. TheStreet lowered shares of inTEST from a “b” rating to a “c” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of inTEST from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.
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 Story: Balance Sheet
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.