1,506,077 Shares in CPS Technologies Corp. $CPSH Bought by Tidal Investments LLC

Tidal Investments LLC bought a new position in shares of CPS Technologies Corp. (NASDAQ:CPSH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,506,077 shares of the electronics maker’s stock, valued at approximately $8,314,000. Tidal Investments LLC owned about 0.08% of CPS Technologies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new stake in shares of CPS Technologies in the second quarter worth about $116,000. Dimensional Fund Advisors LP raised its stake in shares of CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 11,808 shares in the last quarter. Jane Street Group LLC raised its stake in shares of CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after acquiring an additional 14,822 shares in the last quarter. XTX Topco Ltd acquired a new stake in CPS Technologies in the 4th quarter worth approximately $95,000. Finally, NewEdge Advisors LLC lifted its holdings in CPS Technologies by 14.2% in the 1st quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock worth $154,000 after purchasing an additional 5,120 shares during the last quarter. 11.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

CPS Technologies Price Performance

Shares of CPS Technologies stock opened at $4.08 on Friday. The company has a market cap of $79.10 million, a PE ratio of -408.00 and a beta of 2.11. The firm has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $4.93. CPS Technologies Corp. has a fifty-two week low of $3.03 and a fifty-two week high of $14.39.

CPS Technologies Company Profile

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.