inTEST (NYSE:INTT) Upgraded at Northland Securities

inTEST (NYSE:INTT) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has a $15.00 price objective on the stock. Northland Securities’ price objective suggests a potential upside of 21.46% from the stock’s current price.

Separately, Zacks Research downgraded inTEST from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, inTEST has an average rating of “Moderate Buy” and an average price target of $17.00.

inTEST Stock Performance

inTEST stock opened at $12.35 on Monday. 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 stock has a 50 day moving average of $15.88 and a 200-day moving average of $14.25. The stock has a market cap of $155.18 million, a P/E ratio of 53.70 and a beta of 1.47. inTEST has a 52 week low of $6.63 and a 52 week high of $20.00.

Institutional Trading of inTEST

A number of institutional investors have recently made changes to their positions in the stock. Royce & Associates LP lifted its holdings in inTEST by 7.3% in the 4th quarter. Royce & Associates LP now owns 1,555,020 shares of the company’s stock valued at $11,616,000 after acquiring an additional 106,222 shares during the last quarter. Globeflex Capital L P grew its holdings in shares of inTEST by 632.6% in the 1st quarter. Globeflex Capital L P now owns 118,572 shares of the company’s stock worth $1,619,000 after acquiring an additional 102,387 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of inTEST during the first quarter worth $1,275,000. Sei Investments Co. purchased a new stake in shares of inTEST during the first quarter valued at $1,185,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of inTEST in the 4th quarter valued at $598,000. 63.18% of the stock is owned by institutional investors and hedge funds.

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.