Stock Traders Purchase High Volume of CPS Technologies Call Options (NASDAQ:CPSH)

CPS Technologies Corp. (NASDAQ:CPSH) saw some unusual options trading activity on Wednesday. Traders purchased 1,896 call options on the stock. This is an increase of approximately 176% compared to the typical daily volume of 687 call options.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors have recently modified their holdings of CPSH. IFP Advisors Inc increased its holdings in CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after buying an additional 5,000 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of CPS Technologies by 14.2% in the 1st quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock valued at $154,000 after acquiring an additional 5,120 shares during the last quarter. James Investment Research Inc. raised its position in shares of CPS Technologies by 14.2% during the 1st quarter. James Investment Research Inc. now owns 41,072 shares of the electronics maker’s stock worth $154,000 after acquiring an additional 5,120 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in CPS Technologies by 81.2% in the third 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 in the last quarter. Finally, State Street Corp increased its stake in CPS Technologies by 36.3% in the fourth quarter. State Street Corp now owns 48,708 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 12,984 shares during the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

CPS Technologies Stock Performance

NASDAQ CPSH traded up $1.34 during trading on Wednesday, hitting $12.46. The stock had a trading volume of 4,598,659 shares, compared to its average volume of 657,250. The firm has a 50 day moving average price of $4.63 and a 200 day moving average price of $4.23. CPS Technologies has a twelve month low of $2.10 and a twelve month high of $14.09.

CPS Technologies (NASDAQ:CPSH) last released its earnings results 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). CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. The company had revenue of $7.03 million during the quarter, compared to analysts’ expectations of $8.63 million. As a group, analysts anticipate that CPS Technologies will post 0.04 EPS for the current year.

Analyst Ratings Changes

CPSH has been the subject of a number of analyst reports. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings lowered shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, CPS Technologies has a consensus rating of “Reduce” and a consensus target price of $6.00.

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.