Royce & Associates LP Acquires 106,222 Shares of inTEST Co. $INTT

Royce & Associates LP grew its holdings in inTEST Co. (NYSE:INTT) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,555,020 shares of the company’s stock after acquiring an additional 106,222 shares during the quarter. Royce & Associates LP owned 12.46% of inTEST worth $11,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in inTEST during the third quarter worth approximately $127,000. Franklin Resources Inc. acquired a new stake in inTEST during the third quarter worth approximately $146,000. Daytona Street Capital LLC acquired a new stake in inTEST during the fourth quarter worth approximately $149,000. GSA Capital Partners LLP grew its position in inTEST by 39.2% during the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after buying an additional 8,130 shares in the last quarter. Finally, Bailard Inc. grew its position in inTEST by 11.2% during the fourth quarter. Bailard Inc. now owns 35,803 shares of the company’s stock worth $267,000 after buying an additional 3,603 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

inTEST Stock Down 2.0%

INTT stock opened at $17.87 on Thursday. The stock has a market capitalization of $224.54 million, a P/E ratio of 77.70 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. inTEST Co. has a 12 month low of $5.98 and a 12 month high of $20.00. The firm has a 50-day moving average price of $16.19 and a 200-day moving average price of $11.59.

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.