CPS Technologies Corp. $CPSH Shares Sold by Round Rock Advisors LLC

Round Rock Advisors LLC reduced its holdings in shares of CPS Technologies Corp. (NASDAQ:CPSH) by 34.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 283,951 shares of the electronics maker’s stock after selling 151,571 shares during the period. Round Rock Advisors LLC’s holdings in CPS Technologies were worth $1,567,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CPSH. Tema ETFs LLC increased its stake in CPS Technologies by 55,189.2% in the second quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock valued at $8,314,000 after purchasing an additional 1,503,353 shares during the period. BlackRock Inc. purchased a new position in shares of CPS Technologies during the second quarter worth about $2,352,000. Polar Asset Management Partners Inc. purchased a new position in shares of CPS Technologies during the fourth quarter worth about $1,022,000. MYDA Advisors LLC acquired a new position in CPS Technologies in the 4th quarter valued at about $865,000. Finally, Renaissance Technologies LLC increased its position in CPS Technologies by 13.2% in the 1st quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after acquiring an additional 29,100 shares during the period. 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Price Performance

CPSH opened at $3.70 on Thursday. CPS Technologies Corp. has a 12 month low of $3.03 and a 12 month high of $14.39. The stock has a market capitalization of $71.74 million, a P/E ratio of -370.00 and a beta of 2.11. The business has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.97.

Analyst Upgrades and Downgrades

CPSH has been the subject of a number of recent research reports. Zacks Research raised CPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Wall Street Zen lowered CPS Technologies from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Weiss Ratings cut CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. 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 equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

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.