Focused Wealth Management Inc Makes New $1.03 Million Investment in Kopin Corporation $KOPN

Key Points

• Focused Wealth Management acquired 229,065 Kopin shares worth approximately $1.03 million, representing about 0.13% of the company.
• Other institutional investors also initiated or increased positions, with institutional ownership reaching 30.96% of Kopin’s outstanding shares.
• Kopin shares opened at $5.32 after declining 3.3%; analysts maintain a consensus “Moderate Buy” rating with an average price target of $7.20.

Focused Wealth Management Inc acquired a new stake in Kopin Corporation (NASDAQ:KOPN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 229,065 shares of the company's stock, valued at approximately $1,026,000. Focused Wealth Management Inc owned about 0.13% of Kopin at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KOPN. EWA LLC acquired a new stake in shares of Kopin during the 4th quarter worth about $25,000. Cibc World Markets Corp acquired a new position in Kopin in the 4th quarter valued at about $28,000. Russell Investments Group Ltd. bought a new position in Kopin in the 3rd quarter valued at about $33,000. Principal Financial Group Inc. lifted its position in 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 acquiring an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Kopin during the first quarter worth approximately $32,000. 30.96% of the stock is owned by institutional investors.

Kopin Stock Down 3.3%

Shares of Kopin stock opened at $5.32 on Tuesday. The stock has a market capitalization of $988.83 million, a price-to-earnings ratio of 133.03 and a beta of 3.51. Kopin Corporation has a twelve month low of $1.68 and a twelve month high of $6.61. The company has a 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $3.61.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KOPN. 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. Stifel Nicolaus lifted their price target on Kopin from $5.50 to $6.50 and gave the stock a "buy" rating in a report on Wednesday, May 13th. JonesTrading began coverage on Kopin in a research note on Monday, April 27th. They issued a "buy" rating and a $6.00 price target for the company. Zacks Research lowered Kopin from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.20.

Kopin Company Profile

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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