inTEST (NYSE:INTT) Stock Price Expected to Rise, Lake Street Capital Analyst Says

inTEST (NYSE:INTT) had its price target upped by Lake Street Capital from $10.00 to $19.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective points to a potential upside of 54.72% from the company’s current price.

inTEST Price Performance

Shares of INTT stock opened at $12.28 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.26 and a quick ratio of 1.38. The company has a market capitalization of $153.29 million, a P/E ratio of 53.39 and a beta of 1.65. The company’s 50-day simple moving average is $9.19 and its two-hundred day simple moving average is $8.26. inTEST has a one year low of $5.24 and a one year high of $12.67.

Institutional Investors Weigh In On inTEST

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of inTEST by 28.4% in the 1st 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 last quarter. Ameriprise Financial Inc. increased its position in shares of inTEST by 0.6% during the second 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 in the last quarter. Bailard Inc. purchased a new stake in shares of inTEST during the 3rd quarter valued at $251,000. Vanguard Group Inc. boosted its position in shares of inTEST by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 765,302 shares of the company’s stock worth $5,977,000 after purchasing an additional 11,561 shares in the last quarter. Finally, 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. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

inTEST Company Profile

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.