Globeflex Capital L P Boosts Stock Position in inTEST Co. $INTT

Globeflex Capital L P lifted its stake in inTEST Co. (NYSE:INTT) by 632.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,572 shares of the company’s stock after acquiring an additional 102,387 shares during the period. Globeflex Capital L P’s holdings in inTEST were worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in inTEST by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,984 shares of the company’s stock valued at $3,645,000 after buying an additional 1,999 shares in the last quarter. State Street Corp lifted its holdings in shares of inTEST by 4.3% in the fourth quarter. State Street Corp now owns 49,010 shares of the company’s stock worth $366,000 after buying an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of inTEST by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after buying an additional 2,907 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of inTEST by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 126,537 shares of the company’s stock valued at $945,000 after acquiring an additional 3,333 shares during the period. Finally, Bailard Inc. boosted its position in shares of inTEST by 11.2% in the fourth quarter. Bailard Inc. now owns 35,803 shares of the company’s stock valued at $267,000 after acquiring an additional 3,603 shares during the period. 63.18% of the stock is currently owned by institutional investors.

inTEST Price Performance

NYSE:INTT opened at $14.54 on Thursday. inTEST Co. has a 52-week low of $6.63 and a 52-week high of $20.00. The stock has a fifty day moving average of $16.59 and a 200 day moving average of $14.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. The firm has a market capitalization of $182.70 million, a price-to-earnings ratio of 63.22 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of inTEST from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, inTEST presently has a consensus rating of “Moderate Buy” and an average target price 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.