Round Rock Advisors LLC Cuts Holdings in CPS Technologies Corp. $CPSH

Round Rock Advisors LLC lowered its stake in CPS Technologies Corp. (NASDAQ:CPSH) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,951 shares of the electronics maker’s stock after selling 151,571 shares during the period. Round Rock Advisors LLC owned about 1.46% of CPS Technologies worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tema ETFs LLC increased its stake in shares of CPS Technologies by 55,189.2% during the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock worth $8,314,000 after buying an additional 1,503,353 shares during the period. BlackRock Inc. purchased a new position in CPS Technologies in the second quarter worth approximately $2,352,000. Polar Asset Management Partners Inc. acquired a new position in CPS Technologies during the 4th quarter worth approximately $1,022,000. MYDA Advisors LLC acquired a new position in CPS Technologies during the 4th quarter worth approximately $865,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of CPS Technologies in the 3rd quarter valued at approximately $789,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings lowered CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Wall Street Zen cut CPS Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, August 16th. Finally, Roth Capital reaffirmed a “buy” rating and set a $6.00 price target (up from $5.50) on shares of CPS Technologies in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CPS Technologies currently has a consensus rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Stock Performance

CPS Technologies stock opened at $3.70 on Thursday. CPS Technologies Corp. has a fifty-two week low of $3.03 and a fifty-two week high of $14.39. The company has a market capitalization of $71.74 million, a P/E ratio of -370.00 and a beta of 2.11. The stock has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $4.97.

About CPS Technologies

CPS Technologies Corp is a materials technology company specializing in the design and manufacture of advanced engineered composites and metal systems. The company develops bonded metal components, high-performance polymer composites and ceramic-to-metal brazed assemblies that address the demanding requirements of high-temperature, high-stress and high-frequency applications. CPS Technologies’ product portfolio includes thermal management solutions, electromagnetic interference (EMI) shielding materials, structural composites and electronic packaging substrates tailored for critical end markets.

Serving the aerospace, defense, electronics and energy industries, CPS Technologies works closely with original equipment manufacturers and system integrators to deliver custom materials solutions that reduce weight, improve thermal efficiency and enhance mechanical performance.