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inTest Corporation (INTT)



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Upturn Advisory Summary
08/14/2025: INTT (1-star) is currently NOT-A-BUY. Pass it for now.
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 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 90.21M USD | Price to earnings Ratio - | 1Y Target Price 10 |
Price to earnings Ratio - | 1Y Target Price 10 | ||
Volume (30-day avg) 3 | Beta 1.55 | 52 Weeks Range 5.24 - 9.77 | Updated Date 08/14/2025 |
52 Weeks Range 5.24 - 9.77 | Updated Date 08/14/2025 | ||
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 2025-08-06 | When - | Estimate -0.03 | Actual 0.03 |
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 90725936 | Price to Sales(TTM) 0.74 |
Enterprise Value 90725936 | Price to Sales(TTM) 0.74 | ||
Enterprise Value to Revenue 0.75 | Enterprise Value to EBITDA 16.16 | Shares Outstanding 12477700 | Shares Floating 10331331 |
Shares Outstanding 12477700 | Shares Floating 10331331 | ||
Percent Insiders 13.49 | Percent Institutions 63.1 |
Upturn AI SWOT
inTest Corporation
Company Overview
History and Background
inTest Corporation was founded in 1981. Initially focused on design and manufacturing of test and handling equipment for the semiconductor industry, it has expanded through acquisitions into other areas of test and process technology. The company has grown organically and strategically through acquiring businesses offering complementary technologies.
Core Business Areas
- Semiconductor Test: Designs and manufactures ATE interface solutions, temperature management products, and automated handling equipment for semiconductor manufacturing and testing. Used to test the performance of semi-conductor components during manufacturing.
- Process Technologies: Provides process equipment, including induction heating and sealing systems used for various industrial applications.
- Test Solutions Group: Offers a portfolio of test and measurement instrumentation and software focused on electronic test applications.
Leadership and Structure
Nick Grant is the current CEO. The company is structured with distinct business segments, each with its own management team, reporting to a corporate headquarters overseeing strategy and financial performance.
Top Products and Market Share
Key Offerings
- ATE Interface Solutions: Provides docking hardware, load boards, and other components essential for automated testing of semiconductors. Market share is estimated at around 15-20% in a fragmented market. Competitors include Cohu, Advantest, and Teradyne (primarily at a higher level, but indirectly through interfacing needs).
- Temperature Management Products: Offers thermal platforms and recirculating chillers used to control the temperature of semiconductors during testing. Market share is estimated at 10-15%. Major competitors include Temptronic, Espec, and Cincinnati Sub-Zero.
- Induction Heating Systems: Provides induction heating and sealing systems, used in various industries to rapidly heat metal parts for forming, bonding, and sealing processes. Market share is around 5-10% within the larger industrial heating equipment market. Competitors include Ambrell, Radyne, and Cheltenham Induction Heating.
Market Dynamics
Industry Overview
The semiconductor test market is driven by the increasing complexity of semiconductors and the demand for high-quality devices. The process technologies market benefits from automation and efficiency improvements in manufacturing. The Test Solutions Group addresses the electronic test market, which has steady growth driven by diverse electronic applications.
Positioning
inTest is positioned as a provider of specialized solutions within larger markets. Its strategy focuses on niches where its engineering expertise and customer relationships offer competitive advantages.
Total Addressable Market (TAM)
The TAM for inTest's segments is estimated at several billion USD. InTest's current revenue represents a small portion of this TAM, indicating significant growth potential.
Upturn SWOT Analysis
Strengths
- Specialized engineering expertise
- Strong customer relationships in target markets
- Diversified product portfolio
- Established presence in niche markets
- Experienced management team
Weaknesses
- Smaller scale compared to major industry players
- Reliance on cyclical industries (semiconductor)
- Limited brand recognition outside core markets
- Potential for integration challenges from acquisitions
Opportunities
- Expansion into new geographic markets
- Development of new products and applications
- Strategic acquisitions to expand product portfolio and market reach
- Leveraging increasing demand for automation in manufacturing
- Benefiting from growth in 5G, AI, and other technology sectors
Threats
- Economic downturns impacting semiconductor demand
- Increased competition from larger players
- Technological disruptions rendering products obsolete
- Supply chain disruptions and rising material costs
- Geopolitical risks affecting global trade
Competitors and Market Share
Key Competitors
- COHU
- KEYS
- TER
Competitive Landscape
inTest competes with larger, more established players. Its competitive advantage lies in its specialized solutions and customer focus. However, it faces challenges due to its smaller scale and limited brand recognition.
Major Acquisitions
Ambrell Corporation
- Year: 2016
- Acquisition Price (USD millions): 29.6
- Strategic Rationale: Expanded inTest's Process Technologies segment into induction heating systems.
Videology Imaging Solutions
- Year: 2019
- Acquisition Price (USD millions): 15
- Strategic Rationale: Expanded inTestu2019s portfolio with embedded vision solutions.
Z-axis
- Year: 2021
- Acquisition Price (USD millions): 80
- Strategic Rationale: Expanded inTest's semiconductor ATE interface solutions with advanced test sockets.
Growth Trajectory and Initiatives
Historical Growth: inTest's growth has been a mix of organic expansion and strategic acquisitions, resulting in fluctuating but generally upward revenue trends. Data is needed to be pulled to fill this section accurately.
Future Projections: Analyst estimates project continued growth driven by demand in semiconductor testing and industrial automation. Data is needed to be pulled to fill this section accurately.
Recent Initiatives: Recent initiatives include strategic acquisitions aimed at expanding its presence in key markets and enhancing its product offerings.
Summary
inTest Corporation is a specialized provider of test and process solutions. Its strengths lie in its niche focus, engineering expertise, and customer relationships. It needs to manage its reliance on cyclical industries and overcome its smaller scale relative to major competitors. Recent acquisitions show that the company is addressing strategic initiatives to drive expansion in its key markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- inTest Corporation Investor Relations
- Analyst Reports
- Market Research Reports
- Company SEC Filings
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may vary. Financial data needs to be filled in from the real data and sources. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
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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