BlackRock Inc. acquired a new stake in Kopin Corporation (NASDAQ:KOPN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,777,957 shares of the company's stock, valued at approximately $66,205,000. BlackRock Inc. owned approximately 8.08% of Kopin at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of KOPN. EWA LLC acquired a new stake in shares of Kopin in the fourth quarter valued at about $25,000. Cibc World Markets Corp acquired a new stake in Kopin in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. purchased a new stake in shares of Kopin during the third quarter valued at approximately $33,000. Principal Financial Group Inc. lifted its position in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock worth $31,000 after purchasing an additional 3,243 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Kopin during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 30.96% of the company's stock.
Kopin Price Performance
Kopin stock opened at $4.48 on Monday. Kopin Corporation has a 12 month low of $1.81 and a 12 month high of $6.61. The company has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $3.76. The company has a market cap of $832.70 million, a PE ratio of 112.03 and a beta of 3.51.
Wall Street Analyst Weigh In
A number of research analysts recently commented on KOPN shares. Weiss Ratings raised Kopin from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Stifel Nicolaus lifted their price objective on Kopin from $5.50 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Canaccord Genuity Group upped their target price on Kopin from $6.25 to $6.50 and gave the company a "buy" rating in a research report on Friday, August 14th. Zacks Research cut Kopin from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, Craig Hallum restated a "buy" rating and issued a $10.00 price target on shares of Kopin in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.20.
Check Out Our Latest Stock Analysis on Kopin
Kopin Profile
(
Free Report)
Kopin Corporation NASDAQ: KOPN is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.
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