LSV Asset Management Boosts Stake in inTEST Co. (INTT)
LSV Asset Management grew its stake in shares of inTEST Co. (NYSEMKT:INTT) by 32.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,500 shares of the semiconductor company’s stock after acquiring an additional 22,600 shares during the period. LSV Asset Management owned about 0.90% of inTEST worth $619,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Spark Investment Management LLC lifted its position in shares of inTEST by 502.1% during the 2nd 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 during the period. Seizert Capital Partners LLC lifted its position in shares of inTEST by 5.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 106,163 shares of the semiconductor company’s stock valued at $706,000 after acquiring an additional 5,217 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of inTEST during the 2nd quarter valued at approximately $919,000.
In related news, major shareholder Thomas A. Satterfield, Jr. sold 5,814 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $9.03, for a total transaction of $52,500.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas A. Satterfield, Jr. sold 9,186 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $8.88, for a total transaction of $81,571.68. The disclosure for this sale can be found here. Insiders sold 31,231 shares of company stock valued at $278,528 over the last quarter.
Separately, Sidoti initiated coverage on shares of inTEST in a research report on Tuesday, September 5th. They set a “buy” rating for the company.
inTEST Co. (NYSEMKT:INTT) opened at 8.20 on Friday. The firm has a market capitalization of $84.33 million and a P/E ratio of 15.02. The company’s 50 day moving average price is $7.47 and its 200 day moving average price is $7.18. inTEST Co. has a 12 month low of $3.74 and a 12 month high of $9.50.
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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