JPMorgan Chase & Co. Has $274,000 Holdings in inTEST Co. (NYSE:INTT)

JPMorgan Chase & Co. lifted its stake in shares of inTEST Co. (NYSE:INTT) by 42.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,481 shares of the company’s stock after purchasing an additional 11,102 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of inTEST worth $274,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of INTT. Royce & Associates LP increased its position in inTEST by 9.9% in the third quarter. Royce & Associates LP now owns 1,219,157 shares of the company’s stock worth $8,900,000 after purchasing an additional 110,078 shares during the period. XTX Topco Ltd bought a new position in shares of inTEST in the 3rd quarter valued at about $120,000. American Century Companies Inc. acquired a new stake in shares of inTEST during the 2nd quarter worth approximately $145,000. Geode Capital Management LLC raised its stake in shares of inTEST by 6.6% during the third quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock worth $957,000 after buying an additional 8,161 shares during the last quarter. Finally, Bard Associates Inc. lifted its holdings in inTEST by 2.1% in the third quarter. Bard Associates Inc. now owns 199,170 shares of the company’s stock valued at $1,454,000 after buying an additional 4,105 shares during the period. 63.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on INTT. Northland Capmk raised shares of inTEST from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 2nd. Northland Securities lifted their price objective on inTEST from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th.

inTEST Stock Down 3.3 %

inTEST stock opened at $8.92 on Friday. The firm has a market capitalization of $110.43 million, a price-to-earnings ratio of 38.78 and a beta of 1.85. The company’s 50 day simple moving average is $8.34 and its 200 day simple moving average is $7.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. inTEST Co. has a fifty-two week low of $6.28 and a fifty-two week high of $14.35.

inTEST (NYSE:INTT) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. inTEST had a net margin of 2.33% and a return on equity of 5.31%. The company had revenue of $30.27 million for the quarter, compared to analysts’ expectations of $32.97 million. As a group, sell-side analysts anticipate that inTEST Co. will post 0.41 EPS for the current year.

About inTEST

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.