inTEST Co. (INTT) Now Covered by Sidoti

Investment analysts at Sidoti assumed coverage on shares of inTEST Co. (NYSEMKT:INTT) in a research note issued on Tuesday. The firm set a “buy” rating on the semiconductor company’s stock.

Shares of inTEST (INTT) remained flat at $7.60 on Tuesday. 32,891 shares of the stock were exchanged. The stock has a 50 day moving average of $7.60 and a 200-day moving average of $6.94. The firm has a market cap of $78.16 million and a price-to-earnings ratio of 13.92. inTEST has a 52-week low of $3.65 and a 52-week high of $9.50.

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In other news, insider Kristen Holt Thompson sold 25,000 shares of inTEST stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $8.06, for a total value of $201,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thomas A. Satterfield, Jr. sold 9,186 shares of inTEST stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $8.88, for a total value of $81,571.68. The disclosure for this sale can be found here. Insiders sold a total of 206,185 shares of company stock valued at $1,579,662 over the last three months.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased its stake in shares of inTEST by 502.1% in the 2nd quarter. Spark Investment Management LLC now owns 85,500 shares of the semiconductor company’s stock valued at $568,000 after buying an additional 71,300 shares during the period. Algert Global LLC acquired a new stake in shares of inTEST in the 2nd quarter valued at $919,000. HighTower Advisors LLC increased its stake in shares of inTEST by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 62,139 shares of the semiconductor company’s stock valued at $413,000 after buying an additional 521 shares during the period. PDT Partners LLC acquired a new stake in shares of inTEST in the 2nd quarter valued at $229,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of inTEST by 42.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 297,980 shares of the semiconductor company’s stock valued at $1,996,000 after buying an additional 88,559 shares during the period.

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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