Perkins Capital Management Inc. acquired a new position in shares of CPS Technologies Corp. (NASDAQ:CPSH – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 202,085 shares of the electronics maker’s stock, valued at approximately $624,000. Perkins Capital Management Inc. owned approximately 1.12% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in CPSH. Round Rock Advisors LLC increased its position in shares of CPS Technologies by 316.7% during the fourth quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after buying an additional 145,409 shares during the period. GSA Capital Partners LLP bought a new position in shares of CPS Technologies in the third quarter valued at approximately $69,000. Jane Street Group LLC purchased a new position in CPS Technologies during the second quarter valued at approximately $98,000. CIBC Bancorp USA Inc. purchased a new stake in CPS Technologies in the 3rd quarter worth approximately $789,000. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 11,808 shares during the period. Institutional investors own 11.18% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on CPSH. Weiss Ratings cut shares of CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research cut CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CPS Technologies has a consensus rating of “Reduce” and an average target price of $6.00.
CPS Technologies Trading Down 1.2%
Shares of NASDAQ:CPSH opened at $4.27 on Wednesday. CPS Technologies Corp. has a 52-week low of $1.73 and a 52-week high of $6.85. The firm has a fifty day moving average of $4.30 and a 200 day moving average of $4.11.
CPS Technologies (NASDAQ:CPSH – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The firm had revenue of $7.03 million during the quarter, compared to analysts’ expectations of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. As a group, equities analysts anticipate that CPS Technologies Corp. will post 0.04 earnings per share for the current fiscal year.
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.
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