Bank of America Corp DE Purchases 383,236 Shares of Kopin Corporation $KOPN

Key Points

• Bank of America purchased 383,236 shares of Kopin, valued at approximately $1.72 million, giving it a 0.21% stake. Institutional investors collectively own 30.96% of the company.
• Analyst sentiment is generally positive, with six Buy ratings, one Hold and one Sell; Kopin has a consensus rating of Moderate Buy and an average price target of $7.17.
• Kopin shares opened at $4.61, with a market capitalization of approximately $856.9 million and a 52-week trading range of $1.81 to $6.61. The company develops microdisplays and wearable optical systems for defense, medical, industrial and consumer applications.

Bank of America Corp DE purchased a new position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 383,236 shares of the company's stock, valued at approximately $1,717,000. Bank of America Corp DE owned approximately 0.21% of Kopin at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in Kopin during the 2nd quarter worth $66,205,000. AWM Investment Company Inc. purchased a new stake in shares of Kopin in the second quarter valued at about $35,948,000. Telemark Asset Management LLC raised its holdings in shares of Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company's stock valued at $16,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Kopin during the second quarter valued at about $6,368,000. Finally, Silverberg Bernstein Capital Management LLC lifted its position in shares of Kopin by 2.6% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 1,310,676 shares of the company's stock valued at $2,949,000 after purchasing an additional 33,267 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KOPN has been the topic of a number of research analyst reports. Stifel Nicolaus set a $6.50 target price on Kopin in a research note on Friday, September 25th. Oppenheimer initiated coverage on Kopin in a research report on Thursday, September 17th. They set an "outperform" rating and a $7.00 price target for the company. Weiss Ratings upgraded Kopin from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a report on Friday, August 14th. Six research 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. Based on data from MarketBeat.com, Kopin presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.17.

Kopin Stock Performance

Shares of KOPN opened at $4.61 on Friday. The stock's 50-day simple moving average is $4.48 and its 200 day simple moving average is $4.15. The stock has a market capitalization of $856.86 million, a price-to-earnings ratio of 115.28 and a beta of 3.58. Kopin Corporation has a 52-week low of $1.81 and a 52-week high of $6.61.

Kopin Profile

Kopin Corporation is a technology company that develops microdisplays, wearable-computing systems and application-specific optical solutions. Its technologies are designed for use in defense, professional, medical, industrial and consumer products, where compact displays and hands-free access to information can support situational awareness, training, inspection and other specialized tasks.

The company's product portfolio has included miniature display technologies such as active-matrix liquid crystal displays, organic light-emitting diode displays and other microdisplay architectures, along with optical modules, eyepieces and related system components.

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