Dougherty & Co began coverage on shares of inTEST Co. (NYSEMKT:INTT) in a research note published on Friday, October 6th, MarketBeat reports. The brokerage issued a buy rating and a $11.00 price target on the semiconductor company’s stock.
Separately, Sidoti assumed coverage on inTEST in a report on Tuesday, September 5th. They issued a buy rating on the stock.
inTEST (INTT) opened at 9.65 on Friday. The stock’s 50 day moving average price is $8.17 and its 200 day moving average price is $7.53. inTEST has a 52-week low of $3.80 and a 52-week high of $10.25. The firm has a market capitalization of $99.24 million and a price-to-earnings ratio of 17.67.
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In other inTEST news, major shareholder Thomas A. Satterfield, Jr. sold 5,814 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $9.03, for a total transaction of $52,500.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Nokomis Capital, L.L.C. sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $9.40, for a total value of $1,128,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 350,176 shares of company stock worth $3,058,673.
Several large investors have recently made changes to their positions in INTT. Algert Global LLC purchased a new position in shares of inTEST during the second quarter valued at approximately $919,000. Dimensional Fund Advisors LP raised its stake in shares of inTEST by 42.3% during the second quarter. Dimensional Fund Advisors LP now owns 297,980 shares of the semiconductor company’s stock valued at $1,996,000 after acquiring an additional 88,559 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of inTEST by 502.1% during the second quarter. Spark Investment Management LLC now owns 85,500 shares of the semiconductor company’s stock valued at $568,000 after acquiring an additional 71,300 shares in the last quarter. EAM Investors LLC bought a new stake in shares of inTEST during the second quarter valued at approximately $450,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of inTEST during the second quarter valued at approximately $301,000.
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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