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inTEST Corporation (INTT)

NYSE American - NYSE American Delayed Price. Currency in USD
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15.69-0.28 (-1.75%)
At close: 1:00PM EST
15.50 -0.19 (-1.21%)
After hours: 03:47PM EST
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  • T
    Tommy
    I believe INTT is headed to $30 very quickly. Call me crazy, however that’s still barely only 4x’s sales when you factor in Videology. Seeing more and more articles and chatter about INTT rising soon to be more in line with peer multiples. Liking the new CEO, new product mix, new industries, etc. 2022 should be great for the company (if not acquired) with EV, Cannabis, etc and thus why it will run up beforehand to more typical multiples. Let’s see if the $30 happens in next few weeks (very low float).
  • A
    Andy
    Operating income dropped since prior quarter. And guidance for next quarter is dropped even lower than both previous quarters
  • H
    Harry
    This should be $15 today
  • k
    kin
    Training means learning the rules. http://dataunion.tistory.com/9585 It🌱is🌱far🌱more🌱impressive🌱when🌱others🌱discover🌱
  • D
    Dream
    very undervalued stock, at least $20
  • s
    smg
    Asset acquisition is good news and could be a long term winner. What was lacking was information about new customers or existing revenues. Synergies? Stock price may have performed better if this was included.
  • C
    Chris Brainard
    Huge volume and giant spike in price! No news that I can see. This sure feels like the stock has been recommended somewhere.

    On a personal note, I was sad to see that we are losing our CFO Huge Regan. I have known Mr. Regan for 10+ years. He was always kind and respectful to me and I dad when we visited the company for a tour of the Cherry Hill facilities or at the annual meeting. I met with him a couple of times and I could tell that he knew his stuff. A lot of things had changed at the company since I was last a stockholder, but the one thing that was still familiar was that Huge Regan was still watching over the financials of the company. I wish him the best in his retirement! Thank you for your many years of service to the company.
  • C
    Chris Brainard
    My take on the Q1 2021 earnings report was that results were pretty much as expected. The reported $0.21 EPS matched my Q1 estimate. If seasonality had not impacted their multimarket business, revenues could have easily exceeded $20 million. This short fall will likely help out with Q2 revenues and given the pickup in multimarket bookings to $8 million, this part of the business might be an unexpected bonus in the next few quarters. GM% was a little light but I was comfortable with the explanation for this. Our income tax expense came in at 14% and was much lower than my original estimate of 20%. But we were told that a 16% tax rate should be expected going forward so my new forecast can be better fined tuned. I'm still comfortable with factoring in a 10% sequential quarterly revenue growth for Q2-Q4. With a 50% GM this would result in EPS of $0.29, $0.33 and $0.40 for Q2-Q4 and total 2021 earnings of $1.23. Using a 15x PE ratio this would leave a target price for the stock of $18. Our CEO is really focused on diversifying the company to opportunities outside of semiconductor equipment. If he is successful and their EMS business stays strong, there is plenty of upside potential to these numbers.
  • A
    Andy
    Great to see INTT beat estimates in Q1 2020. There is strong demand for communications equipment. INTT as a supplier to those companies is doing well -- like the companies that supplied equipment to the people in the gold rush. Defense and energy customers are also strong. INTT is in the good undervalued place at this point. Bookings are strong, INTT has capabilities that are in high demand. Balance sheet is excellent. INTT heading toward $7 per share.
  • A
    Andy
    Great to see more profit come in for INTT. The beat estimates handily. Analysts expected 6 cents per share for Q3. And INTT posted 9 cents per share for Q3. They beat by +50%. Beautiful.
    Guidance for Q4 shows they are on-track and will post more profits. "inTEST expects that net revenues for the fourth quarter of 2019 will be in the range of $14.0 million to $15.0 million and expects non-GAAP net earnings per diluted share to be in the range of $0.07 to $0.11. Excellent. INTT is probably headed over $7 per share in the next few months.
  • s
    smg
    Conference call was a joke. Management claims that they are creating shareholder value but the stock is lower now than prior to the Ambrell acquisition. Looking at it today, not last years numbers, they overpaid. They certainly have not convinced any analyst or the market that value has been created. Now they are back tracking on their commitment to reach $200 mil by 2020. The company may not even do $70 mil this year. Furthermore, with business declining they are not taking any actions to reduce costs, wait and see attitude. They have been promising more acquisitions for 2 years and have done nothing. Its difficult to have any confidence in a management that has destroyed value but believes they are creating value. This company would be in better off with someone else managing these product lines/ businesses and the best solution is to sell the company and realize some of the value as it has to be a lot higher than $5.33 a share. The facts do not favor the management team. I hope they prove the market wrong, but its very unlikely given their track record.
  • p
    peendee
    $TER conversation
    if you own/like $ter check out $intt, a vendor to teradyne, a top customer of intest. while $ter trades for 6x's sales, $intt is valued at 1.5x's 2021 revs and 13.5x's 2021 eps. with a new semi cap ex cycle just beginning, all semi cap ex stocks should have multiple quarter run. $intt also has an industrial induction heating division growing strongly in the EV assembly business. assuming $intt can get to peak eps of $1.50-$1.75, the stock can rally to $25. $intt is a good small cap compliment to $ter imho.
  • p
    peendee
    $COHU conversation
    if you like $cohu check out $intt. inTEST is a vendor to cohu and benefitting from same semi capex cycle. but it trades at 1.2x's sales while cohu trades at 2.55x's. intt also has a industrial/medical/auto division selling test and measurement systems there and mitigating the wide cyclicality of the semi biz. tesla is an emerging customer there utilizing intt's induction heating systems for 20 different EV assembly processes. cheap stock. huge revenue growth. 20 year technical breakout. this stock could work nicely.
  • s
    smg
    The change in management will be good for INTT especially bringing in an outsider as CEO. INTT either needs to start making acquisitions/merger or be acquired. If INTT can not grow, it should no longer be a public stand alone company and it looks like the Board recognizes it. Also, it appears that several of their end markets are beginning to heat up again. This is the first time I have become optimistic about this stock in 2 years. I really think its a buy at this price. They also need to increase their exposure to more analysts and money managers. We will know in a year whether this was the right move.
  • A
    Andy
    Bookings picking up nicely. Good to see that INTT beat consensus for Q2. And very nice to see the guidance for upcoming Q3 will have higher GAAP EPS than in Q2. Balance sheet strong. No wonder they want to buy back stock.
  • J
    JeffreyT
    Another stand out performance in today's earnings. Hard to know what it will take to get the shares to the next level. I'd like to see them do another acquisition. Revenues still well under 100 million/year.
  • H
    Harry
    Nice pop AH. Must be some positive news somewhere? I'm not seeing anything
  • C
    Chris Brainard
    Well that takes care of our big seller. It is so much nicer when the big guys are buying and not selling.
  • C
    Chris Brainard
    I was checking the COHU Q2 report and Q3 guidance. I wish I had done this before the InTEST report was released. Q3 COHU revenue guidance is following a similar path as the INTT guidance. Strong results Y/Y but down compared to Q2. COHU stock price fell 10% on the report, rallied and has drifted down to $34 today for a loss of 9% from the price before Q2 earnings. Our stock INTT has now fallen 22% from the $14.94 price on the day of earnings. On these numbers alone INTT looks extremely oversold. It sure looks like we are getting into silly territory. If INTT was to get back to the 9% decline COHU has experienced the price of the stock would be something around $13.50.

    The guidance that both COHU and INTT gave for Q3 surely points to a slowdown in orders. The $64k questions is are we seeing a digestion period from their customers (as per the INTT conference call) or has the current cycle topped out? The investors in INTT are betting the cycle has topped, COHU investors appear to be more wait and see. I think the best thing to do is watch the BIG BOY AMAT for any news coming from them.

    We might just get another run at a higher stock price.
  • A
    Andy
    It is great to see revenue over $21 million for the quarter. And its even greater to see $0.34 in non-GAAP net income for this quarter. The business is in high demand and they are very nicely profitable. INTT can bring in over $1 per share in income and is growing nicely. I had an order in and was hoping to buy more in the low $7's, but it is not filled because everyone is starting to realize the company should be and will be above $12 per share.