Hillsdale Investment Management Inc. Boosts Stock Holdings in CPS Technologies Corp. $CPSH

Hillsdale Investment Management Inc. grew its position in shares of CPS Technologies Corp. (NASDAQ:CPSH) by 3,964.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,400 shares of the electronics maker’s stock after buying an additional 86,225 shares during the quarter. Hillsdale Investment Management Inc. owned 0.49% of CPS Technologies worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of CPS Technologies during the third quarter valued at approximately $69,000. IFP Advisors Inc grew its holdings in shares of CPS Technologies by 33.3% during the third 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. Dimensional Fund Advisors LP grew 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 buying an additional 11,808 shares during the last quarter. Salvus Wealth Management LLC purchased a new stake in shares of CPS Technologies during the fourth quarter valued at approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of CPS Technologies during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research cut shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $6.00.

CPS Technologies Stock Performance

Shares of CPSH stock opened at $9.45 on Tuesday. The firm’s 50 day moving average is $5.15 and its 200 day moving average is $4.43. CPS Technologies Corp. has a 12-month low of $2.10 and a 12-month high of $14.39.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results 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). The business had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. On average, analysts predict that CPS Technologies Corp. will post 0.04 earnings per share for the current year.

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.