Navellier & Associates Inc. Invests $907,000 in inTEST Co. $INTT

Navellier & Associates Inc. acquired a new position in shares of inTEST Co. (NYSE:INTT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 49,893 shares of the company’s stock, valued at approximately $907,000. Navellier & Associates Inc. owned 0.39% of inTEST at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC boosted its holdings in inTEST by 28.4% during the first quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock valued at $284,000 after acquiring an additional 8,999 shares during the period. Ameriprise Financial Inc. increased its stake 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 purchasing an additional 2,907 shares during the period. Vanguard Group Inc. increased its stake in shares of inTEST by 1.5% in 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 during the period. Franklin Resources Inc. acquired a new position in shares of inTEST during the 3rd quarter worth about $146,000. Finally, Squarepoint Ops LLC acquired a new position in shares of inTEST during the 3rd quarter worth about $127,000. 63.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on INTT. Northland Securities raised inTEST from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Monday, August 3rd. Zacks Research cut inTEST from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.00.

inTEST Price Performance

Shares of NYSE:INTT opened at $11.05 on Friday. The firm has a market capitalization of $141.73 million, a PE ratio of 48.05 and a beta of 1.51. 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 1-year low of $6.86 and a 1-year high of $20.00. The business’s 50 day moving average is $14.20 and its 200-day moving average is $14.77.

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.