Kopin Corporation $KOPN Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) by 40.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 487,524 shares of the company's stock after selling 334,746 shares during the period. Bank of America Corp DE owned about 0.27% of Kopin worth $1,097,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Kopin by 106.8% during the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company's stock worth $5,353,000 after purchasing an additional 1,806,632 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kopin by 113,958.1% during the second quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company's stock worth $108,000 after purchasing an additional 70,654 shares during the period. Legal & General Group Plc acquired a new stake in shares of Kopin during the second quarter worth $25,000. Rhumbline Advisers bought a new position in shares of Kopin in the 2nd quarter worth about $259,000. Finally, Prudential Financial Inc. bought a new position in shares of Kopin in the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 30.96% of the company's stock.

Kopin Stock Up 0.2%

Shares of KOPN opened at $4.28 on Friday. The firm has a 50-day moving average price of $4.23 and a 200 day moving average price of $3.82. The firm has a market capitalization of $795.52 million, a PE ratio of 107.03 and a beta of 3.57. Kopin Corporation has a 52-week low of $1.81 and a 52-week high of $6.61.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a report on Friday, August 14th. Stifel Nicolaus raised 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. Zacks Research lowered Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Craig Hallum restated a "buy" rating and set a $10.00 price objective on shares of Kopin in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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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