AMG National Trust Bank raised its position in shares of Kopin Corporation (NASDAQ:KOPN) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,000 shares of the semiconductor company’s stock after purchasing an additional 10,000 shares during the period. AMG National Trust Bank owned approximately 0.19% of Kopin Corporation worth $445,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KOPN. Louisiana State Employees Retirement System raised its position in Kopin Corporation by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 400 shares in the last quarter. Bank of New York Mellon Corp raised its position in Kopin Corporation by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 705,422 shares of the semiconductor company’s stock valued at $2,892,000 after purchasing an additional 8,657 shares in the last quarter. Comerica Bank raised its position in Kopin Corporation by 4.2% during the first quarter. Comerica Bank now owns 67,291 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 2,691 shares in the last quarter. Ameriprise Financial Inc. raised its position in Kopin Corporation by 4.7% during the first quarter. Ameriprise Financial Inc. now owns 316,969 shares of the semiconductor company’s stock valued at $1,300,000 after purchasing an additional 14,250 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Kopin Corporation by 11.8% during the first quarter. Parametric Portfolio Associates LLC now owns 70,275 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 7,424 shares in the last quarter. Institutional investors and hedge funds own 47.16% of the company’s stock.
In other Kopin Corporation news, insider Hong K. Choi sold 10,495 shares of Kopin Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $4.50, for a total transaction of $47,227.50. Following the completion of the sale, the insider now directly owns 336,442 shares in the company, valued at approximately $1,513,989. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Sneider sold 65,000 shares of Kopin Corporation stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total transaction of $260,000.00. Following the sale, the chief financial officer now owns 292,138 shares of the company’s stock, valued at $1,168,552. The disclosure for this sale can be found here. Insiders sold a total of 125,495 shares of company stock valued at $507,228 over the last quarter. 8.70% of the stock is owned by company insiders.
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Shares of Kopin Corporation (NASDAQ KOPN) opened at 4.41 on Friday. Kopin Corporation has a 12 month low of $1.93 and a 12 month high of $4.60. The company’s market cap is $318.34 million. The firm’s 50-day moving average is $3.86 and its 200-day moving average is $3.81.
Kopin Corporation (NASDAQ:KOPN) last released its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $5.93 million during the quarter. Kopin Corporation had a negative return on equity of 36.44% and a negative net margin of 125.80%. During the same period in the previous year, the business earned ($0.05) EPS. On average, equities research analysts predict that Kopin Corporation will post ($0.33) earnings per share for the current year.
Several research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Kopin Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Needham & Company LLC reiterated a “hold” rating on shares of Kopin Corporation in a report on Tuesday, August 8th.
About Kopin Corporation
Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.
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