CPS Technologies Corp. $CPSH Shares Purchased by Tema ETFs LLC

Tema ETFs LLC raised its holdings in shares of CPS Technologies Corp. (NASDAQ:CPSH) by 55,189.2% during the 2nd quarter, Holdings Channel reports. 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 approximately 0.08% of CPS Technologies worth $8,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of CPS Technologies by 81.2% during 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 during the period. Jane Street Group LLC lifted its holdings 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 during the period. Wealth Enhancement Advisory Services LLC bought a new position in CPS Technologies in the 4th quarter valued at about $94,000. XTX Topco Ltd bought a new position in CPS Technologies in the 4th quarter valued at about $95,000. Finally, NewEdge Advisors LLC increased 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 buying an additional 5,120 shares during the period. Institutional investors own 11.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CPSH shares. Zacks Research raised CPS Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised shares of CPS Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

CPS Technologies Trading Up 1.6%

CPSH opened at $4.42 on Wednesday. The stock has a fifty day moving average price of $5.38 and a 200 day moving average price of $5.11. CPS Technologies Corp. has a 1 year low of $2.87 and a 1 year high of $14.39. The stock has a market cap of $79.87 million, a price-to-earnings ratio of -442.00 and a beta of 2.09.

CPS Technologies 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.