Insider Selling: inTEST (NYSE:INTT) CEO Sells $23,362.08 in Stock

inTEST Co. (NYSE:INTT) CEO Richard Jr. Grant sold 1,636 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $14.28, for a total transaction of $23,362.08. Following the completion of the sale, the chief executive officer owned 212,730 shares of the company’s stock, valued at $3,037,784.40. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

inTEST Stock Down 1.5%

NYSE INTT traded down $0.22 during trading on Wednesday, hitting $14.24. 64,540 shares of the company traded hands, compared to its average volume of 95,720. inTEST Co. has a 12 month low of $5.24 and a 12 month high of $15.14. The business has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $8.75. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $177.76 million, a P/E ratio of 61.92 and a beta of 1.58.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On inTEST

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

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.