Lake Street Capital Issues Positive Forecast for inTEST (NYSE:INTT) Stock Price

inTEST (NYSE:INTT) had its price objective raised by Lake Street Capital from $10.00 to $19.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

inTEST Stock Performance

Shares of NYSE:INTT opened at $12.20 on Monday. The firm has a 50 day moving average of $9.09 and a 200 day moving average of $8.22. 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 has a market capitalization of $152.29 million, a price-to-earnings ratio of 53.05 and a beta of 1.65. inTEST has a 52 week low of $5.24 and a 52 week high of $12.32.

Hedge Funds Weigh In On inTEST

Institutional investors have recently made changes to their positions in the company. Bridge City Capital LLC raised its holdings in inTEST by 37.7% in the 4th quarter. Bridge City Capital LLC now owns 59,286 shares of the company’s stock worth $443,000 after purchasing an additional 16,240 shares during the period. Marshall Wace LLP grew its holdings in inTEST by 70.3% in the fourth quarter. Marshall Wace LLP now owns 22,403 shares of the company’s stock valued at $167,000 after purchasing an additional 9,248 shares during the period. State Street Corp increased its position in shares of inTEST by 4.3% in the fourth quarter. State Street Corp now owns 49,010 shares of the company’s stock valued at $366,000 after buying an additional 2,000 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of inTEST during the 4th quarter worth approximately $88,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of inTEST by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,984 shares of the company’s stock worth $3,645,000 after buying an additional 1,999 shares during the period. 63.18% of the stock is owned by hedge funds and other institutional investors.

About inTEST

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.