Bank of America Corp DE Increases Holdings in Kopin Corporation (NASDAQ:KOPN)

Bank of America Corp DE lifted its position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) by 11,517.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,489 shares of the company's stock after buying an additional 177,944 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of Kopin worth $244,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. 683 Capital Management LLC purchased a new position in shares of Kopin during the 4th quarter valued at $409,000. Jane Street Group LLC purchased a new position in shares of Kopin during the 4th quarter valued at $300,000. One68 Global Capital LLC purchased a new stake in Kopin in the 4th quarter worth $30,000. Schonfeld Strategic Advisors LLC purchased a new stake in Kopin in the 4th quarter worth $233,000. Finally, Northern Trust Corp lifted its stake in Kopin by 32.9% in the 4th quarter. Northern Trust Corp now owns 267,601 shares of the company's stock worth $364,000 after purchasing an additional 66,245 shares in the last quarter. Hedge funds and other institutional investors own 30.96% of the company's stock.

Kopin Stock Up 0.6%

KOPN stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.63. The company had a trading volume of 1,749,887 shares, compared to its average volume of 2,479,585. The company has a market capitalization of $265.36 million, a price-to-earnings ratio of -14.82 and a beta of 2.85. Kopin Corporation has a 12-month low of $0.56 and a 12-month high of $2.17. The company has a 50-day moving average price of $1.32 and a 200 day moving average price of $1.34.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $14.65 million for the quarter, compared to analysts' expectations of $11.15 million. Kopin had a negative net margin of 28.70% and a negative return on equity of 87.81%. During the same period in the prior year, the company earned ($0.04) EPS. As a group, analysts expect that Kopin Corporation will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on KOPN. Wall Street Zen cut shares of Kopin from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group decreased their price target on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Kopin presently has an average rating of "Moderate Buy" and an average price target of $2.56.

Kopin Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.