Panoramic Capital LLC Makes New $1.57 Million Investment in Kopin Corporation $KOPN

Key Points

• Panoramic Capital LLC acquired 350,000 Kopin shares worth approximately $1.57 million, giving it a 0.19% stake. Institutional investors collectively own 30.96% of the company.
• Kopin shares opened at $4.73, with a market capitalization of about $879 million, a 12-month trading range of $1.81 to $6.61, and a price-to-earnings ratio of 118.28.
• Analyst sentiment is moderately bullish: five analysts rate Kopin a Buy, one rates it Hold, and one rates it Sell, producing a consensus target price of $7.20 versus the current share price.

Panoramic Capital LLC purchased a new stake in Kopin Corporation (NASDAQ:KOPN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 350,000 shares of the company's stock, valued at approximately $1,568,000. Panoramic Capital LLC owned approximately 0.19% of Kopin at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KOPN. Meeder Asset Management Inc. acquired a new stake in shares of Kopin in the 2nd quarter valued at about $33,000. Quantbot Technologies LP acquired a new position in Kopin during the 2nd quarter worth approximately $39,000. Allworth Financial LP bought a new position in Kopin in the second quarter worth approximately $41,000. EWA LLC bought a new position in Kopin in the fourth quarter worth approximately $25,000. Finally, Cibc World Markets Corp acquired a new stake in Kopin in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 30.96% of the company's stock.

Kopin Stock Down 2.1%

Shares of NASDAQ:KOPN opened at $4.73 on Thursday. The business's 50 day moving average is $4.21 and its 200 day moving average is $3.72. Kopin Corporation has a 12-month low of $1.81 and a 12-month high of $6.61. The stock has a market cap of $879.17 million, a price-to-earnings ratio of 118.28 and a beta of 3.51.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KOPN shares. Zacks Research lowered Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Craig Hallum reissued a "buy" rating and issued a $10.00 price target on shares of Kopin in a research report on Tuesday, May 12th. Lake Street Capital boosted their price target on shares of Kopin from $5.00 to $7.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus raised their price objective on shares of Kopin from $5.50 to $6.50 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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