inTEST Co. (NYSE:INTT) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in inTEST Co. (NYSE:INTT) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,136 shares of the company’s stock after selling 10,904 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of inTEST worth $577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of inTEST by 42.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 37,481 shares of the company’s stock worth $274,000 after purchasing an additional 11,102 shares during the last quarter. Geode Capital Management LLC grew its holdings in inTEST by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 131,106 shares of the company’s stock valued at $957,000 after buying an additional 8,161 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in inTEST in the 3rd quarter worth approximately $120,000. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Price Performance

Shares of INTT stock opened at $7.52 on Friday. inTEST Co. has a 12 month low of $6.28 and a 12 month high of $14.35. The company has a market capitalization of $93.04 million, a P/E ratio of 32.70 and a beta of 1.90. The stock has a 50 day moving average of $8.25 and a two-hundred day moving average of $7.83. 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 (NYSE:INTT) last issued its earnings results on Friday, March 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. inTEST had a return on equity of 5.31% and a net margin of 2.33%. During the same period in the previous year, the company earned $0.16 earnings per share. As a group, equities analysts expect that inTEST Co. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on INTT shares. Northland Capmk upgraded shares of inTEST from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 2nd. Northland Securities raised 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, January 8th.

inTEST Company 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.