Nano Cap New Millennium Growth Fund L P Invests $598,000 in inTEST Co. $INTT

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of inTEST Co. (NYSE:INTT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 80,000 shares of the company’s stock, valued at approximately $598,000. Nano Cap New Millennium Growth Fund L P owned about 0.64% of inTEST at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in inTEST by 1.5% during the third quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock worth $5,977,000 after purchasing an additional 11,561 shares in the last quarter. Ameriprise Financial Inc. lifted 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 valued at $3,771,000 after purchasing an additional 2,907 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of inTEST by 28.4% in the 1st quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock valued at $284,000 after purchasing an additional 8,999 shares during the last quarter. Bailard Inc. lifted its holdings in shares of inTEST by 11.2% in the 4th quarter. Bailard Inc. now owns 35,803 shares of the company’s stock valued at $267,000 after purchasing an additional 3,603 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of inTEST in the 4th quarter valued at about $267,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

inTEST Trading Down 1.6%

Shares of INTT stock opened at $17.50 on Friday. The business’s 50 day moving average is $15.87 and its two-hundred day moving average is $11.31. inTEST Co. has a twelve month low of $5.64 and a twelve month high of $20.00. The company has a market capitalization of $219.89 million, a P/E ratio of 76.09 and a beta of 1.55. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INTT shares. Zacks Research raised inTEST from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Lake Street Capital boosted their target price on inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of $19.00.

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.