AWM Investment Company Inc. Decreases Stake in Kopin Corporation $KOPN

Key Points

• AWM Investment Company Inc. reduced its ownership in Kopin Corporation by 24.1%, holding 9,714,699 shares after selling 3,092,711 during the first quarter.
• Kopin reported a loss of ($0.03) EPS for the most recent quarter, falling short of analysts' expectations, with revenue of $8.46 million.
• Analysts have downgraded Kopin from a "hold" to a "sell" rating, despite retaining an average rating of "Buy" overall.

AWM Investment Company Inc. reduced its stake in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) by 24.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,714,699 shares of the company's stock after selling 3,092,711 shares during the period. AWM Investment Company Inc. owned 5.99% of Kopin worth $9,056,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Telemark Asset Management LLC acquired a new position in Kopin in the 1st quarter valued at $2,797,000. Two Sigma Investments LP raised its holdings in Kopin by 140.9% in the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock valued at $764,000 after acquiring an additional 328,713 shares during the last quarter. Royce & Associates LP raised its holdings in Kopin by 3.3% in the 1st quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock valued at $7,441,000 after acquiring an additional 255,450 shares during the last quarter. Jane Street Group LLC acquired a new position in Kopin in the 4th quarter valued at $300,000. Finally, Cerity Partners LLC acquired a new position in Kopin in the 1st quarter valued at $201,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Stock Performance

Kopin stock traded up $0.01 during trading on Monday, reaching $2.13. 1,296,042 shares of the company's stock were exchanged, compared to its average volume of 3,672,803. The company's 50-day moving average is $1.89 and its two-hundred day moving average is $1.51. Kopin Corporation has a 52-week low of $0.56 and a 52-week high of $2.50. The firm has a market cap of $345.97 million, a price-to-earnings ratio of -23.61 and a beta of 2.96.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%.The business had revenue of $8.46 million for the quarter, compared to analysts' expectations of $10.57 million. Analysts anticipate that Kopin Corporation will post -0.14 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Kopin from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2.63.

About Kopin

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.