Navellier & Associates Inc. Invests $907,000 in inTEST Co. $INTT

Navellier & Associates Inc. bought a new position in shares of inTEST Co. (NYSE:INTT) in the second quarter, Holdings Channel reports. The institutional investor bought 49,893 shares of the company’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in inTEST by 7.3% during the fourth quarter. Royce & Associates LP now owns 1,555,020 shares of the company’s stock worth $11,616,000 after buying an additional 106,222 shares during the last quarter. BlackRock Inc. bought a new position in shares of inTEST in the second quarter valued at approximately $17,008,000. Vanguard Group Inc. boosted its holdings in shares of inTEST by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock worth $5,977,000 after acquiring an additional 11,561 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of inTEST by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after acquiring an additional 2,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in inTEST by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,984 shares of the company’s stock worth $3,645,000 after acquiring an additional 1,999 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Trading Down 4.6%

Shares of NYSE INTT opened at $11.05 on Friday. inTEST Co. has a 1-year low of $6.86 and a 1-year high of $20.00. The company has a 50-day moving average of $14.20 and a two-hundred day moving average of $14.77. The company has a market cap of $141.73 million, a PE ratio of 48.05 and a beta of 1.51. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

Analysts Set New Price Targets

Several equities analysts have issued reports on INTT shares. Northland Securities upgraded inTEST from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, August 3rd. Zacks Research cut inTEST from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, inTEST currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

inTEST Profile

inTEST Corporation (NYSE: INTT) is a developer and manufacturer of precision instrumentation and test solutions designed for the semiconductor, microelectronics and related manufacturing industries. The company’s offerings focus on thermal management and instrument interface technologies that support the environmental conditioning and electrical performance evaluation of devices under test. These solutions include temperature controllers and cyclers, thermal subsystems, load boards, connectors and custom test interfaces engineered to accelerate reliability testing, product qualification and high-volume production measurement.

Serving customers across North America, Europe and Asia, inTEST supports semiconductor fabs, assembly and packaging facilities, research laboratories and OEM equipment builders.