inTEST (NYSEAMERICAN:INTT) Now Covered by Analysts at Northland Securities

Northland Securities assumed coverage on shares of inTEST (NYSEAMERICAN:INTTGet Rating) in a report released on Monday, The Fly reports. The brokerage issued an outperform rating and a $20.00 price target on the semiconductor company’s stock.

Separately, TheStreet cut inTEST from a b- rating to a c+ rating in a research note on Tuesday, October 11th.

inTEST Stock Performance

Shares of INTT stock opened at $10.30 on Monday. inTEST has a 1-year low of $6.07 and a 1-year high of $16.19. The stock has a market cap of $113.51 million, a P/E ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.91.

inTEST (NYSEAMERICAN:INTTGet Rating) last issued its quarterly earnings results on Friday, November 4th. The semiconductor company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $30.77 million during the quarter. inTEST had a return on equity of 15.85% and a net margin of 8.55%. On average, equities analysts anticipate that inTEST will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On inTEST

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTT. Advisor Group Holdings Inc. boosted its stake in inTEST by 329.8% during the first quarter. Advisor Group Holdings Inc. now owns 2,579 shares of the semiconductor company’s stock worth $92,000 after buying an additional 1,979 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in inTEST by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 110,020 shares of the semiconductor company’s stock worth $1,181,000 after buying an additional 2,681 shares during the last quarter. CM Management LLC boosted its stake in inTEST by 175.0% during the first quarter. CM Management LLC now owns 55,000 shares of the semiconductor company’s stock worth $590,000 after buying an additional 35,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in inTEST by 14.7% during the first quarter. Pacific Ridge Capital Partners LLC now owns 770,614 shares of the semiconductor company’s stock worth $8,269,000 after buying an additional 98,980 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of inTEST by 12.2% in the 1st quarter. Bank of New York Mellon Corp now owns 69,087 shares of the semiconductor company’s stock valued at $741,000 after purchasing an additional 7,530 shares during the last quarter. Institutional investors and hedge funds own 48.47% of the company’s stock.

inTEST Company Profile

(Get Rating)

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).

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