Tidal Investments LLC Buys Shares of 1,506,077 CPS Technologies Corp. $CPSH

Tidal Investments LLC bought a new stake in CPS Technologies Corp. (NASDAQ:CPSH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,506,077 shares of the electronics maker’s stock, valued at approximately $8,314,000. Tidal Investments LLC owned approximately 7.77% of CPS Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CPSH. Engineers Gate Manager LP purchased a new position in shares of CPS Technologies during the second quarter valued at $116,000. BlackRock Inc. purchased a new stake in CPS Technologies in the 2nd quarter worth about $2,352,000. GSA Capital Partners LLP acquired a new stake in CPS Technologies during the 2nd quarter worth about $269,000. Tema ETFs LLC boosted its position in CPS Technologies by 55,189.2% during the 2nd quarter. Tema ETFs LLC now owns 1,506,077 shares of the electronics maker’s stock worth $8,314,000 after acquiring an additional 1,503,353 shares during the period. Finally, NewEdge Advisors LLC grew its stake in CPS Technologies by 14.2% during 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 in the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Roth Capital reiterated a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of CPS Technologies in a report on Wednesday, August 12th. Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Zacks Research raised shares of CPS Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Weiss Ratings lowered shares of CPS Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Price Performance

Shares of CPS Technologies stock opened at $4.08 on Friday. The firm has a market cap of $79.10 million, a price-to-earnings ratio of -408.00 and a beta of 2.11. CPS Technologies Corp. has a 52-week low of $3.03 and a 52-week high of $14.39. The stock has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $4.93.

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.