Evernest Financial Advisors LLC Buys Shares of 145,434 CPS Technologies Corp. $CPSH

Evernest Financial Advisors LLC bought a new stake in shares of CPS Technologies Corp. (NASDAQ:CPSH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 145,434 shares of the electronics maker’s stock, valued at approximately $449,000. Evernest Financial Advisors LLC owned 0.81% of CPS Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Round Rock Advisors LLC raised its holdings in CPS Technologies by 316.7% during the 4th quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after acquiring an additional 145,409 shares during the period. Hillsdale Investment Management Inc. raised its holdings in CPS Technologies by 3,964.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 88,400 shares of the electronics maker’s stock valued at $273,000 after acquiring an additional 86,225 shares during the period. Perkins Capital Management Inc. bought a new stake in CPS Technologies during the 4th quarter valued at $624,000. Goldman Sachs Group Inc. raised its holdings in 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 during the period. Finally, Geode Capital Management LLC raised its holdings in CPS Technologies by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 145,827 shares of the electronics maker’s stock valued at $451,000 after acquiring an additional 14,588 shares during the period. Institutional investors own 11.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPSH shares. Weiss Ratings raised shares of CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Zacks Research cut shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

CPS Technologies Stock Down 8.5%

CPS Technologies stock opened at $7.86 on Friday. CPS Technologies Corp. has a fifty-two week low of $2.10 and a fifty-two week high of $14.39. The firm’s fifty day moving average price is $5.86 and its 200-day moving average price is $4.70.

CPS Technologies (NASDAQ:CPSH) last released 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 firm had revenue of $7.03 million during the quarter, compared to the consensus estimate of $8.63 million. CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%. On average, sell-side analysts expect 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.