inTEST Co. (NYSE:INTT) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of inTEST Co. (NYSE:INTT) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,106 shares of the company’s stock after purchasing an additional 8,161 shares during the period. Geode Capital Management LLC owned about 1.06% of inTEST worth $957,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in INTT. Royce & Associates LP increased its stake in inTEST by 9.9% during the third quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock valued at $8,900,000 after purchasing an additional 110,078 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of inTEST by 23.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 460,914 shares of the company’s stock worth $4,554,000 after acquiring an additional 86,632 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of inTEST by 18.0% during the second quarter. First Eagle Investment Management LLC now owns 564,364 shares of the company’s stock worth $5,576,000 after acquiring an additional 86,100 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of inTEST during the second quarter worth about $436,000. Finally, XTX Topco Ltd bought a new position in shares of inTEST during the third quarter worth about $120,000. Institutional investors own 63.18% of the company’s stock.

inTEST Price Performance

Shares of INTT opened at $8.64 on Friday. The company has a market capitalization of $106.92 million, a price-to-earnings ratio of 37.57 and a beta of 1.85. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The business’s 50-day moving average is $7.97 and its 200-day moving average is $8.06.

inTEST (NYSE:INTT) last released its quarterly earnings data on Friday, November 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a return on equity of 5.31% and a net margin of 2.33%. The firm had revenue of $30.27 million for the quarter, compared to the consensus estimate of $32.97 million. Equities research analysts expect that inTEST Co. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INTT. Northland Securities upped their price target on shares of inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday. Northland Capmk upgraded shares of inTEST from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 2nd.

inTEST Profile

inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.