Zacks Investment Research lowered shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.

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. “

Separately, TheStreet downgraded shares of TIM Participacoes from a b rating to a c+ rating in a report on Tuesday, June 4th.

INTT opened at $4.61 on Wednesday. inTEST has a 1 year low of $4.50 and a 1 year high of $9.44.

inTEST (NYSEAMERICAN:INTT) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $18.06 million for the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTT. LSV Asset Management raised its stake in shares of inTEST by 39.9% during the 1st quarter. LSV Asset Management now owns 200,657 shares of the semiconductor company’s stock worth $1,348,000 after purchasing an additional 57,200 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of inTEST by 18.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 182,823 shares of the semiconductor company’s stock worth $1,229,000 after purchasing an additional 28,428 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of inTEST during the 1st quarter worth $140,000. Alambic Investment Management L.P. raised its stake in shares of inTEST by 105.6% during the 1st quarter. Alambic Investment Management L.P. now owns 36,054 shares of the semiconductor company’s stock worth $242,000 after purchasing an additional 18,522 shares during the period. Finally, IHT Wealth Management LLC bought a new stake in shares of inTEST during the 4th quarter worth $110,000.

inTEST Company Profile

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.

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