Globeflex Capital L P Acquires Shares of 122,730 inTEST Co. $INTT

Globeflex Capital L P bought a new position in shares of inTEST Co. (NYSE:INTT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 122,730 shares of the company’s stock, valued at approximately $2,230,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Wyoming purchased a new stake in inTEST in the 2nd quarter worth $71,000. Jane Street Group LLC purchased a new position in shares of inTEST during the fourth quarter valued at about $88,000. Squarepoint Ops LLC bought a new stake in shares of inTEST in the third quarter worth about $127,000. Franklin Resources Inc. purchased a new stake in shares of inTEST in the third quarter worth about $146,000. Finally, Marshall Wace LLP boosted its stake in inTEST by 70.3% during the fourth quarter. Marshall Wace LLP now owns 22,403 shares of the company’s stock valued at $167,000 after buying an additional 9,248 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors.

inTEST Price Performance

Shares of inTEST stock opened at $11.68 on Monday. The stock has a market cap of $149.81 million, a price-to-earnings ratio of 50.78 and a beta of 1.51. 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 stock has a 50 day moving average price of $14.89 and a 200-day moving average price of $14.74. inTEST Co. has a one year low of $6.85 and a one year high of $20.00.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Northland Securities raised inTEST from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Monday, August 3rd. Zacks Research downgraded inTEST from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

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.