inTEST Co. $INTT Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its position in shares of inTEST Co. (NYSE:INTT) by 28.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 372,702 shares of the company’s stock after selling 144,909 shares during the period. First Eagle Investment Management LLC’s holdings in inTEST were worth $2,784,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of INTT. Jane Street Group LLC boosted its stake in inTEST by 28.4% during the 1st quarter. Jane Street Group LLC now owns 40,643 shares of the company’s stock valued at $284,000 after purchasing an additional 8,999 shares during the period. Ameriprise Financial Inc. increased its stake in shares of inTEST by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 517,962 shares of the company’s stock valued at $3,771,000 after purchasing an additional 2,907 shares during the period. Bailard Inc. acquired a new stake in shares of inTEST in the third quarter valued at approximately $251,000. Vanguard Group Inc. raised its holdings in shares of inTEST by 1.5% during 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, GSA Capital Partners LLP raised its holdings in shares of inTEST by 39.2% during the third quarter. GSA Capital Partners LLP now owns 28,860 shares of the company’s stock valued at $225,000 after buying an additional 8,130 shares during the last quarter. Institutional investors and hedge funds own 63.18% of the company’s stock.

Wall Street Analyst Weigh In

INTT has been the subject of a number of recent analyst reports. Lake Street Capital increased their price objective on inTEST from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research upgraded inTEST from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, inTEST has a consensus rating of “Strong Buy” and a consensus price target of $19.00.

inTEST Stock Up 12.8%

INTT stock opened at $18.81 on Thursday. The firm’s 50-day moving average is $15.30 and its two-hundred day moving average is $10.91. The company has a market capitalization of $235.05 million, a price-to-earnings ratio of 81.79 and a beta of 1.55. inTEST Co. has a 52 week low of $5.64 and a 52 week high of $20.00. The company has a current ratio of 2.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.08.

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.