Diamond Hill Capital Management LLC Investment Advisor Makes New $2.54 Million Investment in Kopin Corporation $KOPN

Key Points

• Diamond Hill Capital Management initiated a 567,402-share stake in Kopin Corporation valued at approximately $2.54 million, representing 0.31% of the company.
• Institutional investors own about 30.96% of Kopin’s shares, with several firms increasing their positions during the fourth quarter and second quarter.
• Kopin shares opened at $5.32, near the upper end of their 52-week range. Analysts maintain a consensus “Moderate Buy” rating with a $7.20 price target, though ratings include five Buys, one Hold, and one Sell.

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Kopin Corporation (NASDAQ:KOPN - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 567,402 shares of the company's stock, valued at approximately $2,542,000. Diamond Hill Capital Management LLC Investment Advisor owned 0.31% of Kopin at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock valued at $31,000 after acquiring an additional 3,243 shares during the period. Focused Wealth Management Inc increased its stake in Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company's stock valued at $497,000 after purchasing an additional 5,000 shares in the last quarter. Deutsche Bank AG raised its position in Kopin by 4.0% during the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company's stock worth $363,000 after acquiring an additional 5,902 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Kopin by 13.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company's stock valued at $159,000 after acquiring an additional 7,971 shares in the last quarter. Finally, First Bank & Trust lifted its stake in shares of Kopin by 79.1% during the second quarter. First Bank & Trust now owns 18,517 shares of the company's stock valued at $83,000 after buying an additional 8,176 shares during the period. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $5.32 on Tuesday. The stock has a market cap of $988.83 million, a PE ratio of 133.03 and a beta of 3.51. Kopin Corporation has a 52-week low of $1.68 and a 52-week high of $6.61. The business has a fifty day moving average of $4.22 and a two-hundred day moving average of $3.61.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KOPN shares. JonesTrading assumed coverage on Kopin in a report on Monday, April 27th. They set a "buy" rating and a $6.00 target price for the company. Weiss Ratings raised shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Canaccord Genuity Group raised their price target on shares of Kopin from $6.25 to $6.50 and gave the company a "buy" rating in a research note on Friday. Zacks Research downgraded Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised Kopin from a "sell" rating to a "hold" rating in a research note on Saturday. 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 stock. Based on data from MarketBeat, Kopin currently has a consensus rating of "Moderate Buy" and a consensus price target 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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