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

Royce & Associates LP raised its stake in inTEST Co. (NYSE:INTT) by 7.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,555,020 shares of the company’s stock after purchasing an additional 106,222 shares during the quarter. Royce & Associates LP owned 0.12% of inTEST worth $11,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in inTEST in the 3rd quarter valued at approximately $127,000. Franklin Resources Inc. bought a new position in inTEST in the 3rd quarter valued at approximately $146,000. Daytona Street Capital LLC bought a new position in inTEST in the 4th quarter valued at approximately $149,000. GSA Capital Partners LLP raised its holdings in inTEST by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock valued at $225,000 after buying an additional 8,130 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in inTEST in the 4th quarter valued at approximately $267,000. Institutional investors own 63.18% of the company’s stock.

Wall Street Analysts Forecast Growth

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

inTEST Stock Performance

NYSE:INTT opened at $17.87 on Thursday. The company has a market capitalization of $224.54 million, a PE ratio of 77.70 and a beta of 1.55. The company has a 50 day simple moving average of $16.19 and a two-hundred day simple moving average of $11.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. inTEST Co. has a fifty-two week low of $5.98 and a fifty-two week high of $20.00.

inTEST Company 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.