Investors Purchase Large Volume of Call Options on CPS Technologies (NASDAQ:CPSH)

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of some unusual options trading on Monday. Investors bought 5,125 call options on the company. This is an increase of approximately 216% compared to the average daily volume of 1,622 call options.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPSH. 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 shares of CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Trading of CPS Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in CPS Technologies during the second quarter worth about $98,000. Dimensional Fund Advisors LP grew its position 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 worth $94,000 after purchasing an additional 11,808 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in CPS Technologies in the 3rd quarter valued at about $789,000. IFP Advisors Inc increased its stake in CPS Technologies by 33.3% in the 3rd 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. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of CPS Technologies during the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Down 5.0%

Shares of NASDAQ:CPSH opened at $3.78 on Wednesday. The business’s 50 day moving average is $6.20 and its 200 day moving average is $5.15. CPS Technologies has a 12-month low of $2.55 and a 12-month high of $14.39.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.63 million. Analysts forecast that CPS Technologies will post 0.04 EPS 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.