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Globeflex Capital L P Invests $2.23 Million in inTEST Co. $INTT

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Key Points

  • Globeflex Capital purchased 122,730 shares of inTEST worth approximately $2.23 million, representing about 0.98% of the company. Institutional investors collectively own 63.18% of INTT.
  • inTEST shares opened at $11.68, with a market capitalization of approximately $149.8 million. The stock has traded between $6.85 and $20.00 over the past year.
  • Analyst sentiment remains favorable, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $17.00.
  • MarketBeat previews the top five stocks to own by September 1st.

Globeflex Capital L P purchased a new stake in shares of inTEST Co. (NYSE:INTT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 122,730 shares of the company's stock, valued at approximately $2,230,000. Globeflex Capital L P owned about 0.98% of inTEST as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INTT. BlackRock Inc. purchased a new position in inTEST in the 2nd quarter worth approximately $17,008,000. Bard Associates Inc. purchased a new stake in inTEST during the 2nd quarter valued at $3,827,000. Royce & Associates LP boosted its stake in inTEST by 7.3% during the 4th quarter. Royce & Associates LP now owns 1,555,020 shares of the company's stock valued at $11,616,000 after purchasing an additional 106,222 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of inTEST in the 1st quarter worth $1,275,000. Finally, Sei Investments Co. bought a new stake in shares of inTEST in the 1st quarter worth $1,185,000. Institutional investors own 63.18% of the company's stock.

inTEST Price Performance

Shares of INTT stock opened at $11.68 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. inTEST Co. has a 12 month low of $6.85 and a 12 month high of $20.00. The stock has a market cap of $149.81 million, a P/E ratio of 50.78 and a beta of 1.51. The company has a 50 day simple moving average of $14.89 and a two-hundred day simple moving average of $14.74.

Analyst Ratings Changes

INTT has been the topic of a number of research analyst reports. Northland Securities raised 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, August 3rd. Zacks Research downgraded inTEST from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.00.

Read Our Latest Research Report on inTEST

inTEST Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding INTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for inTEST Co. (NYSE:INTT - Free Report).

Institutional Ownership by Quarter for inTEST (NYSE:INTT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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