PFG Investments LLC Invests $245,000 in Kopin Corporation $KOPN

Key Points

• PFG Investments LLC invested approximately $245,000 in Kopin Corporation by acquiring 160,000 shares in the second quarter, now holding about 0.10% of the company.
• Analysts have set a consensus price target of $3.00 for Kopin, with three giving a "Buy" rating while one analyst has rated it a "Sell."
• Kopin Corporation's shares recently increased by 6.8%, reflecting positive market sentiment despite a reported earnings miss in the last quarter.

PFG Investments LLC purchased a new position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 160,000 shares of the company's stock, valued at approximately $245,000. PFG Investments LLC owned about 0.10% of Kopin at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KOPN. Bank of America Corp DE grew its holdings in shares of Kopin by 11,517.4% during the fourth quarter. Bank of America Corp DE now owns 179,489 shares of the company's stock worth $244,000 after purchasing an additional 177,944 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Kopin by 6.3% during the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company's stock worth $380,000 after purchasing an additional 16,630 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Kopin by 140.9% during the fourth quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock worth $764,000 after purchasing an additional 328,713 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Kopin by 107.3% during the fourth quarter. Two Sigma Advisers LP now owns 129,800 shares of the company's stock worth $177,000 after purchasing an additional 67,200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Kopin during the first quarter worth about $88,000. 30.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on KOPN shares. Lake Street Capital upped their target price on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a report on Saturday, September 27th. Canaccord Genuity Group upped their target price on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Wall Street Zen cut Kopin from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kopin has an average rating of "Moderate Buy" and a consensus price target of $3.00.

Kopin Stock Up 6.8%

Shares of KOPN opened at $2.82 on Monday. Kopin Corporation has a 12-month low of $0.65 and a 12-month high of $2.84. The business's fifty day moving average is $2.15 and its 200 day moving average is $1.66. The stock has a market cap of $459.12 million, a P/E ratio of -31.33 and a beta of 2.98.

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

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.

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