inTEST Corporation (INTT) supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide.

The company operates through three segments: Electronic Test, Environmental Technologies, and Process Technologies.

The Electronic Test segment provides in2(R), Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various 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 offers tester interfaces that provide 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.

Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers.

The Environmental Technologies segment offers 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 provide tempered gas or fluid; and ultra-cold storage solutions, including biomedical freezers, refrigerators, and mobile storage solutions.

The Process Technologies segment provides EKOHEAT and EASYHEAT induction heating systems; and digital streaming and image capturing solutions.

Shares are heading higher in an upward trading channel, and higher share prices are expected for this stock. On May 5th, INTT reported 1st Quarter March 2023 earnings of $0.29 per share on revenue of $31.9 million. The consensus earnings estimate was $0.21 per share on revenue of $31.1 million. Revenue grew 32.5% on a year-over-year basis.

Entry Point: $21.50

Stop Loss: $20.00

Trading Range: $6.07 to $23.54

Target Price: $24.00