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

Ritholtz Wealth Management increased its position in shares of inTEST Co. (NYSE:INTT) by 112.8% during the first quarter, Holdings Channel reports. The institutional investor owned 76,056 shares of the company’s stock after purchasing an additional 40,312 shares during the quarter. Ritholtz Wealth Management’s holdings in inTEST were worth $1,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in inTEST in the 4th quarter valued at approximately $88,000. Globeflex Capital L P acquired a new position in shares of inTEST in the fourth quarter valued at $121,000. Squarepoint Ops LLC bought a new position in inTEST in the third quarter worth $127,000. Franklin Resources Inc. bought a new position in inTEST in the third quarter worth $146,000. Finally, Daytona Street Capital LLC acquired a new stake in inTEST during the fourth quarter worth $149,000. 63.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Lake Street Capital increased their price objective on shares of inTEST from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Zacks Research cut shares of inTEST from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, inTEST presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

inTEST Price Performance

NYSE:INTT opened at $16.62 on Monday. The firm has a market cap of $208.83 million, a PE ratio of 72.26 and a beta of 1.50. inTEST Co. has a 12 month low of $6.63 and a 12 month high of $20.00. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $17.32 and its two-hundred day moving average price is $13.04.

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.