Arrowstreet Capital Limited Partnership Invests $1.27 Million in inTEST Co. $INTT

Key Points

• Arrowstreet Capital acquired a new 93,441-share stake in inTEST valued at approximately $1.27 million, representing 0.75% of the company. Institutional investors collectively own 63.18% of INTT.
• inTEST shares opened at $14.29, with a market capitalization of about $179.6 million and a one-year trading range of $6.63 to $20.00.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and a $17.00 average price target, although Zacks downgraded the stock to “Hold” while Northland Securities upgraded it to “Outperform.”

Arrowstreet Capital Limited Partnership acquired a new stake in inTEST Co. (NYSE:INTT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 93,441 shares of the company's stock, valued at approximately $1,275,000. Arrowstreet Capital Limited Partnership owned 0.75% of inTEST at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTT. Dimensional Fund Advisors LP increased its holdings in shares of inTEST by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 487,984 shares of the company's stock worth $3,645,000 after purchasing an additional 1,999 shares during the period. State Street Corp raised its holdings in shares of inTEST by 4.3% in the 4th quarter. State Street Corp now owns 49,010 shares of the company's stock valued at $366,000 after acquiring an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of inTEST by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company's stock valued at $3,771,000 after acquiring an additional 2,907 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of inTEST by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 126,537 shares of the company's stock worth $945,000 after purchasing an additional 3,333 shares in the last quarter. Finally, Bailard Inc. increased its position in shares of inTEST by 11.2% in the fourth quarter. Bailard Inc. now owns 35,803 shares of the company's stock worth $267,000 after purchasing an additional 3,603 shares during the last quarter. Institutional investors own 63.18% of the company's stock.

inTEST Stock Up 0.4%

Shares of NYSE INTT opened at $14.29 on Friday. The stock has a market capitalization of $179.55 million, a P/E ratio of 62.13 and a beta of 1.51. inTEST Co. has a one year low of $6.63 and a one year high of $20.00. The firm's 50 day simple moving average is $15.56 and its two-hundred day simple moving average is $14.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INTT shares. Zacks Research downgraded shares of inTEST from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 3rd. Northland Securities raised shares of inTEST from a "market perform" rating to an "outperform" rating and set a $15.00 price target on the stock in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, inTEST currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

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.

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