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inTest Corporation (INTT)



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Upturn Advisory Summary
09/17/2025: INTT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $10
1 Year Target Price $10
2 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -33.11% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 91.71M USD | Price to earnings Ratio - | 1Y Target Price 10 |
Price to earnings Ratio - | 1Y Target Price 10 | ||
Volume (30-day avg) 3 | Beta 1.58 | 52 Weeks Range 5.24 - 9.77 | Updated Date 09/16/2025 |
52 Weeks Range 5.24 - 9.77 | Updated Date 09/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.69% | Operating Margin (TTM) -2.53% |
Management Effectiveness
Return on Assets (TTM) -0.29% | Return on Equity (TTM) -0.82% |
Valuation
Trailing PE - | Forward PE 21.6 | Enterprise Value 92971918 | Price to Sales(TTM) 0.75 |
Enterprise Value 92971918 | Price to Sales(TTM) 0.75 | ||
Enterprise Value to Revenue 0.76 | Enterprise Value to EBITDA 16.56 | Shares Outstanding 12477700 | Shares Floating 10331331 |
Shares Outstanding 12477700 | Shares Floating 10331331 | ||
Percent Insiders 13.49 | Percent Institutions 62.49 |
Upturn AI SWOT
inTest Corporation
Company Overview
History and Background
inTest Corporation was founded in 1976. It has evolved from a supplier of docking hardware for automatic test equipment (ATE) to a provider of thermal management and test solutions.
Core Business Areas
- Semiconductor Test: Designs, manufactures, and markets ATE interface solutions for semiconductor testing, including docking hardware and test fixtures.
- Process Technologies: Provides thermal management solutions, including chillers, temperature controllers, and thermal plates for various industries, including semiconductor, military/aerospace, and industrial.
Leadership and Structure
The leadership team includes Nick Grant, President and CEO. inTest operates with a functional organizational structure across its business segments.
Top Products and Market Share
Key Offerings
- Docking Hardware: Provides precision docking hardware for ATE systems, enabling efficient and reliable testing of semiconductor devices. Market share data is difficult to pinpoint precisely, but inTest is a significant player in the market. Competitors include Smiths Interconnect and Cohu (COHU).
- Thermal Management Systems: Offers a range of thermal management products, including chillers and temperature controllers, for controlling the temperature of semiconductor devices during testing and manufacturing. Market share data varies by specific product type. inTest is a significant player in the market with strong brand recognition. Competitors include Advanced Thermal Solutions, Inc. (ATS) and Boyd Corporation.
Market Dynamics
Industry Overview
The semiconductor test and thermal management industries are driven by the increasing complexity and performance requirements of semiconductor devices. Demand is influenced by trends in 5G, AI, automotive, and industrial automation.
Positioning
inTest is positioned as a provider of specialized test and thermal management solutions, focusing on high-performance applications. Its competitive advantages include its engineering expertise, product quality, and customer service.
Total Addressable Market (TAM)
The TAM for semiconductor test equipment is estimated to be in the billions of dollars. inTest addresses a portion of this TAM through its ATE interface and thermal management solutions, with positioning as a niche provider.
Upturn SWOT Analysis
Strengths
- Strong engineering expertise
- High-quality products
- Established customer relationships
- Diverse product portfolio
Weaknesses
- Smaller market capitalization compared to larger competitors
- Dependence on the cyclical semiconductor industry
- Limited brand awareness outside of core markets
Opportunities
- Expanding into new geographic markets
- Developing new products for emerging applications
- Acquiring complementary businesses
- Benefiting from increased government spending on semiconductor manufacturing
Threats
- Economic downturns
- Increased competition
- Rapid technological changes
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- COHU
- KEYS
Competitive Landscape
inTest competes with larger, more diversified companies in the semiconductor test and thermal management markets. inTest differentiates itself through its focus on high-performance applications and its engineering expertise.
Major Acquisitions
Ambrell Corporation
- Year: 2021
- Acquisition Price (USD millions): 35.8
- Strategic Rationale: Expands process technologies segment and adds induction heating solutions.
Growth Trajectory and Initiatives
Historical Growth: Historical growth information must be sourced from official filings.
Future Projections: Future projections are based on analyst estimates which are variable.
Recent Initiatives: Recent initiatives include strategic acquisitions and product development efforts.
Summary
inTest Corporation is a specialized provider of test and thermal management solutions. The company possesses strong engineering capabilities and a diverse product portfolio. They are vulnerable to economic conditions. They need to capitalize on growth opportunities in new markets and applications and must effectively navigate competitive pressures.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Analyst Reports (where available)
- Market Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data are estimates and may vary depending on the source and methodology.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About inTest Corporation
Exchange NYSE MKT | Headquaters Mount Laurel, NJ, United States | ||
IPO Launch date 1997-06-17 | President, CEO & Director Mr. Richard N. Grant Jr. | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 393 | Website https://www.intest.com |
Full time employees 393 | Website https://www.intest.com |
inTEST Corporation provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets in the United States and internationally. The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies. The Electronic Test segment offers Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for use with several probers or handlers on a test floor; and docking hardware products, which protect the interface contacts and ensure proper repeatable and precise alignment between the test head's interface board and the prober's probing assembly. This segment also provides tester interfaces that offer electrical connections between the tester and the wafer prober or IC handler; scorpion flying probe test systems that designs and manufactures robotics-based electronic test equipment; and BRiZ automated test and programming services, as well as functional test platform, touch display tester, and wafer-level optical component tester. The Environmental Technologies segment provides ThermoStream products that are used in the semi market as a stand-alone temperature management tool, or in various electronic test applications; Thermal Chambers; Thermal Platforms; Thermonics temperature conditioning products that offer tempered gas or fluid; and ultra-cold storage solutions, including biomedical freezers, refrigerators, and mobile storage solutions. The Process Technologies segment offers EKOHEAT and EASYHEAT induction heating systems; and digital streaming and image capturing solutions. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey.

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