425,485 Shares in Kopin Corporation $KOPN Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in Kopin Corporation (NASDAQ:KOPN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 425,485 shares of the company's stock, valued at approximately $1,906,000. Bank of New York Mellon Corp owned approximately 0.23% of Kopin at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KOPN. UBS Group AG lifted its holdings in shares of Kopin by 40.3% in the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company's stock valued at $3,181,000 after purchasing an additional 390,404 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Kopin by 123.2% during the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company's stock worth $3,029,000 after buying an additional 714,423 shares in the last quarter. Telemark Asset Management LLC raised its position in Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company's stock valued at $16,380,000 after buying an additional 2,000,000 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Kopin in the 1st quarter valued at approximately $424,000. Finally, CenterBook Partners LP acquired a new stake in Kopin in the 4th quarter valued at approximately $2,925,000. Institutional investors and hedge funds own 30.96% of the company's stock.

Kopin Stock Up 6.5%

KOPN stock opened at $4.56 on Wednesday. The company has a market cap of $847.57 million, a price-to-earnings ratio of 114.03 and a beta of 3.57. Kopin Corporation has a twelve month low of $1.81 and a twelve month high of $6.61. The business has a 50 day moving average price of $4.23 and a two-hundred day moving average price of $3.86.

Wall Street Analysts Forecast Growth

KOPN has been the subject of a number of recent research reports. Zacks Research downgraded Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Stifel Nicolaus boosted their price objective on shares of Kopin from $5.50 to $6.50 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Lake Street Capital raised their target price on shares of Kopin from $5.00 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kopin has an average rating of "Moderate Buy" and a consensus target price of $7.20.

About Kopin

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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