inTEST (NYSE:INTT) Rating Lowered to “Hold” at Zacks Research

inTEST (NYSE:INTT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Lake Street Capital boosted their price target on shares of inTEST from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.00.

inTEST Price Performance

NYSE:INTT opened at $17.21 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The firm has a market cap of $216.24 million, a price-to-earnings ratio of 74.83 and a beta of 1.50. The company has a 50 day moving average price of $16.48 and a 200-day moving average price of $11.97. inTEST has a 1-year low of $6.13 and a 1-year high of $20.00.

Institutional Investors Weigh In On inTEST

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in inTEST by 7.3% during the 4th quarter. Royce & Associates LP now owns 1,555,020 shares of the company’s stock worth $11,616,000 after purchasing an additional 106,222 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of inTEST by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock valued at $5,977,000 after acquiring an additional 11,561 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of inTEST by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock valued at $3,771,000 after acquiring an additional 2,907 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 1,999 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of inTEST by 2.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

About inTEST

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.