inTEST Co. (NYSE:INTT) Holdings Lifted by CM Management LLC

CM Management LLC grew its holdings in shares of inTEST Co. (NYSE:INTT) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 365,000 shares of the company’s stock after buying an additional 15,000 shares during the period. inTEST accounts for about 2.7% of CM Management LLC’s investment portfolio, making the stock its 12th biggest holding. CM Management LLC owned 2.95% of inTEST worth $3,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP increased its stake in inTEST by 9.9% during the 3rd quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after buying an additional 110,078 shares during the period. Bard Associates Inc. increased its stake in shares of inTEST by 5.7% during the fourth quarter. Bard Associates Inc. now owns 210,491 shares of the company’s stock valued at $1,808,000 after acquiring an additional 11,321 shares during the period. Geode Capital Management LLC raised its holdings in inTEST by 6.6% during the third quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after purchasing an additional 8,161 shares in the last quarter. AMH Equity Ltd lifted its position in inTEST by 1.7% in the fourth quarter. AMH Equity Ltd now owns 117,990 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,990 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock valued at $274,000 after purchasing an additional 11,102 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Stock Performance

INTT opened at $7.79 on Friday. The business has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $7.78. The firm has a market cap of $96.40 million, a PE ratio of 33.87 and a beta of 1.90. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.35.

inTEST (NYSE:INTT) last issued its quarterly earnings results on Friday, March 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period in the previous year, the company posted $0.16 EPS. As a group, equities analysts predict that inTEST Co. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on INTT shares. Northland Capmk raised inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd. Northland Securities upped their price target on shares of inTEST from $13.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th.

About inTEST

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.