Ritholtz Wealth Management Has $1.04 Million Position in inTEST Co. $INTT

Ritholtz Wealth Management boosted its stake in shares of inTEST Co. (NYSE:INTT) by 112.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,056 shares of the company’s stock after purchasing an additional 40,312 shares during the period. Ritholtz Wealth Management owned about 0.61% of inTEST worth $1,038,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in INTT. Royce & Associates LP grew its holdings in shares of 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 acquiring an additional 106,222 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of inTEST by 1.5% during the third quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock worth $5,977,000 after acquiring an additional 11,561 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of inTEST by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after acquiring an additional 2,907 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in inTEST by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 487,984 shares of the company’s stock valued at $3,645,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in inTEST by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 126,537 shares of the company’s stock valued at $945,000 after purchasing an additional 3,333 shares during the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research lowered inTEST from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Lake Street Capital lifted their price target on inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.00.

inTEST Price Performance

INTT stock opened at $16.62 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 1 year low of $6.63 and a 1 year high of $20.00. The company has a fifty day simple moving average of $17.32 and a 200 day simple moving average of $13.04. The firm has a market cap of $208.83 million, a PE ratio of 72.26 and a beta of 1.50.

inTEST 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.