inTEST (NYSEAMERICAN:INTT) Coverage Initiated by Analysts at Northland Securities

Northland Securities assumed coverage on shares of inTEST (NYSEAMERICAN:INTTGet Rating) in a research report released on Monday morning, The Fly reports. The brokerage issued an outperform rating and a $20.00 price objective on the semiconductor company’s stock.

Separately, TheStreet cut inTEST from a b- rating to a c+ rating in a report on Tuesday, October 11th.

inTEST Trading Down 3.1 %

inTEST stock opened at $9.80 on Monday. The company has a market capitalization of $108.00 million, a P/E ratio of 14.41, a P/E/G ratio of 0.89 and a beta of 1.91. inTEST has a twelve month low of $6.07 and a twelve month high of $16.79.

inTEST (NYSEAMERICAN:INTTGet Rating) last posted its quarterly earnings results on Friday, November 4th. The semiconductor company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $30.77 million for the quarter. inTEST had a return on equity of 15.85% and a net margin of 8.55%. On average, analysts expect that inTEST will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, CEO Richard N. Jr. Grant sold 4,153 shares of inTEST stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $9.26, for a total value of $38,456.78. Following the completion of the transaction, the chief executive officer now owns 182,284 shares in the company, valued at $1,687,949.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Trading of inTEST

Institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in inTEST in the second quarter worth about $39,000. Bank of America Corp DE lifted its stake in inTEST by 489,800.0% in the first quarter. Bank of America Corp DE now owns 4,899 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 4,898 shares during the last quarter. Journey Strategic Wealth LLC bought a new stake in inTEST in the second quarter worth about $72,000. Advisor Group Holdings Inc. lifted its stake in inTEST by 329.8% in the first quarter. Advisor Group Holdings Inc. now owns 2,579 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,979 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of inTEST during the first quarter valued at approximately $161,000. Institutional investors own 48.47% of the company’s stock.

About inTEST

(Get Rating)

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS).

Further Reading

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