inTEST Co. (NYSE:INTT) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its stake in shares of inTEST Co. (NYSE:INTT) by 17.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,433,099 shares of the company’s stock after purchasing an additional 213,942 shares during the period. Royce & Associates LP owned approximately 0.12% of inTEST worth $12,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTT. First Eagle Investment Management LLC lifted its position in shares of inTEST by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 602,608 shares of the company’s stock valued at $5,176,000 after acquiring an additional 16,744 shares during the period. XTX Topco Ltd acquired a new position in shares of inTEST during the 3rd quarter worth approximately $120,000. CM Management LLC raised its position in shares of inTEST by 4.3% during the 4th quarter. CM Management LLC now owns 365,000 shares of the company’s stock worth $3,135,000 after purchasing an additional 15,000 shares during the last quarter. Bard Associates Inc. raised its position in shares of inTEST by 5.7% during the 4th quarter. Bard Associates Inc. now owns 210,491 shares of the company’s stock worth $1,808,000 after purchasing an additional 11,321 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after purchasing an additional 11,102 shares during the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Stock Down 0.1 %

INTT stock opened at $7.74 on Tuesday. The stock has a market capitalization of $95.78 million, a P/E ratio of 33.65 and a beta of 1.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. inTEST Co. has a one year low of $6.28 and a one year high of $14.35. The company has a 50 day moving average price of $8.43 and a two-hundred day moving average price of $7.81.

inTEST (NYSE:INTT) last announced its quarterly earnings data on Friday, March 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. inTEST had a net margin of 2.33% and a return on equity of 5.31%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, sell-side analysts expect that inTEST Co. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTT. Northland Capmk upgraded inTEST from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 2nd. Northland Securities lifted their target price on shares of inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th.

inTEST Company Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.