Kopin Co. (NASDAQ:KOPN) Holdings Reduced by McAdam LLC

McAdam LLC decreased its position in Kopin Co. (NASDAQ:KOPN) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 169,212 shares of the company’s stock after selling 38,612 shares during the period. McAdam LLC’s holdings in Kopin were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royce & Associates LP lifted its stake in Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after purchasing an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after purchasing an additional 703,740 shares during the last quarter. Stifel Financial Corp lifted its stake in Kopin by 303.7% during the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after purchasing an additional 471,258 shares during the last quarter. Affinity Capital Advisors LLC acquired a new stake in Kopin during the third quarter valued at approximately $54,000. Finally, FMR LLC lifted its stake in Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after purchasing an additional 57,604 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KOPN. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Kopin in a research note on Wednesday, November 13th. StockNews.com downgraded shares of Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Finally, Canaccord Genuity Group upped their price target on shares of Kopin from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Stock Down 4.6 %

KOPN stock opened at $1.66 on Tuesday. The company has a 50 day moving average of $1.33 and a two-hundred day moving average of $1.02. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.82. The company has a market cap of $263.61 million, a price-to-earnings ratio of -4.05 and a beta of 2.73.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same quarter in the prior year, the business posted ($0.02) EPS. On average, research analysts anticipate that Kopin Co. will post -0.14 EPS for the current year.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.