Nano Cap New Millennium Growth Fund L P Makes New $598,000 Investment in inTEST Co. $INTT

Nano Cap New Millennium Growth Fund L P acquired a new position in inTEST Co. (NYSE:INTT) in the 4th quarter, Holdings Channel.com reports. The firm acquired 80,000 shares of the company’s stock, valued at approximately $598,000.

Other large investors have also recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in inTEST in the third quarter worth $127,000. Franklin Resources Inc. purchased a new position in inTEST in the third quarter worth $146,000. Daytona Street Capital LLC purchased a new position in inTEST in the fourth quarter worth $149,000. GSA Capital Partners LLP raised its position in inTEST by 39.2% in the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after acquiring an additional 8,130 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in shares of inTEST during the 3rd quarter valued at approximately $251,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INTT. Lake Street Capital lifted their price target on shares of inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of inTEST from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $19.00.

inTEST Price Performance

Shares of NYSE:INTT opened at $17.50 on Friday. The business’s fifty day moving average price is $15.87 and its two-hundred day moving average price is $11.31. The stock has a market cap of $219.89 million, a PE ratio of 76.09 and a beta of 1.55. 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 $5.64 and a one year high of $20.00.

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.