CPS Technologies Corp. $CPSH Position Lifted by Tema ETFs LLC

Tema ETFs LLC raised its stake in CPS Technologies Corp. (NASDAQ:CPSH) by 55,189.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,506,077 shares of the electronics maker’s stock after purchasing an additional 1,503,353 shares during the period. Tema ETFs LLC owned 8.33% of CPS Technologies worth $8,314,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CPSH. Jane Street Group LLC grew its stake in CPS Technologies by 122.5% in the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 14,822 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in CPS Technologies during the 4th quarter worth approximately $94,000. Dimensional Fund Advisors LP lifted its holdings in CPS Technologies by 81.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after buying an additional 11,808 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of CPS Technologies in the 4th quarter worth approximately $95,000. Finally, Goldman Sachs Group Inc. raised its position in shares of CPS Technologies by 60.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,311 shares of the electronics maker’s stock valued at $131,000 after acquiring an additional 15,934 shares in the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CPSH shares. Zacks Research upgraded shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings lowered shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of CPS Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. One 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’s stock. Based on data from MarketBeat.com, CPS Technologies has an average rating of “Hold” and a consensus price target of $6.00.

CPS Technologies Stock Performance

CPSH stock opened at $4.42 on Wednesday. CPS Technologies Corp. has a 1 year low of $2.87 and a 1 year high of $14.39. The stock has a market capitalization of $79.87 million, a price-to-earnings ratio of -442.00 and a beta of 2.09. The stock’s fifty day moving average is $5.38 and its two-hundred day moving average is $5.11.

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.