AWM Investment Company Inc. acquired a new stake in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,024,062 shares of the company's stock, valued at approximately $35,948,000. Kopin makes up approximately 3.1% of AWM Investment Company Inc.'s investment portfolio, making the stock its 10th biggest holding. AWM Investment Company Inc. owned about 4.32% of Kopin as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in shares of Kopin in the 2nd quarter valued at about $33,000. Quantbot Technologies LP bought a new position in shares of Kopin during the 2nd quarter worth approximately $39,000. Allworth Financial LP bought a new position in shares of Kopin during the 2nd quarter worth approximately $41,000. EWA LLC purchased a new stake in Kopin during the fourth quarter valued at approximately $25,000. Finally, Cibc World Markets Corp purchased a new stake in Kopin during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 30.96% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Weiss Ratings upgraded Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Craig Hallum reissued a "buy" rating and issued a $10.00 price target on shares of Kopin in a report on Tuesday, May 12th. Zacks Research lowered Kopin from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Lake Street Capital upped their price objective on shares of Kopin from $5.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus increased their price objective on shares of Kopin from $5.50 to $6.50 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.20.
View Our Latest Research Report on KOPN
Kopin Price Performance
Shares of NASDAQ KOPN opened at $4.83 on Wednesday. The stock has a market capitalization of $897.77 million, a price-to-earnings ratio of 120.78 and a beta of 3.51. The firm's 50 day simple moving average is $4.21 and its 200-day simple moving average is $3.71. Kopin Corporation has a 12 month low of $1.81 and a 12 month high of $6.61.
About Kopin
(
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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