inTEST Co. $INTT Stock Position Decreased by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of inTEST Co. (NYSE:INTT) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 517,611 shares of the company’s stock after selling 62,223 shares during the period. First Eagle Investment Management LLC’s holdings in inTEST were worth $4,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTT. Ameriprise Financial Inc. raised its position in shares of inTEST by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock worth $3,771,000 after purchasing an additional 2,907 shares during the period. GSA Capital Partners LLP grew its stake in inTEST by 39.2% during the 3rd quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock worth $225,000 after buying an additional 8,130 shares during the last quarter. Jane Street Group LLC increased its position in inTEST by 28.4% in the first quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock worth $284,000 after buying an additional 8,999 shares during the period. Vanguard Group Inc. lifted its stake in inTEST by 1.5% in the third quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock valued at $5,977,000 after buying an additional 11,561 shares during the last quarter. Finally, Bailard Inc. bought a new stake in inTEST in the third quarter valued at $251,000. 63.18% of the stock is currently owned by institutional investors and hedge funds.

inTEST Stock Up 3.3%

Shares of INTT stock opened at $12.68 on Thursday. inTEST Co. has a 1 year low of $5.24 and a 1 year high of $12.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.38 and a current ratio of 2.26. The business’s fifty day moving average is $9.29 and its 200-day moving average is $8.29. The stock has a market cap of $158.28 million, a PE ratio of 55.13 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their target price on shares of inTEST from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.00.

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.