Silverberg Bernstein Capital Management LLC Raises Stock Holdings in Kopin Corporation $KOPN

Key Points

• Silverberg Bernstein Capital Management LLC increased its holdings in Kopin Corporation by 43.7%, owning over 1 million shares, which makes Kopin the firm's 26th largest position.
• Kopin's recent quarterly earnings report indicated a loss of ($0.03) per share, missing analysts' expectations, with revenue of $8.46 million compared to forecasts of $10.57 million.
• Wall Street analysts have revised their outlook on Kopin, with two analysts rating it as a Buy while others have downgraded it to a "sell" rating.

Silverberg Bernstein Capital Management LLC lifted its holdings in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) by 43.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,059,709 shares of the company's stock after purchasing an additional 322,205 shares during the quarter. Kopin accounts for approximately 1.1% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 26th largest position. Silverberg Bernstein Capital Management LLC owned about 0.65% of Kopin worth $1,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. O Connor Financial Group LLC purchased a new position in shares of Kopin during the second quarter worth about $32,000. Virtu Financial LLC purchased a new stake in Kopin in the first quarter worth approximately $36,000. PEAK6 LLC boosted its stake in Kopin by 12.5% in the first quarter. PEAK6 LLC now owns 71,200 shares of the company's stock worth $66,000 after buying an additional 7,900 shares in the last quarter. Penbrook Management LLC boosted its stake in Kopin by 92.1% in the first quarter. Penbrook Management LLC now owns 93,325 shares of the company's stock worth $87,000 after buying an additional 44,750 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Kopin in the first quarter worth approximately $88,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Kopin Stock Performance

NASDAQ:KOPN opened at $2.25 on Tuesday. The firm has a market cap of $366.32 million, a PE ratio of -25.00 and a beta of 2.96. Kopin Corporation has a fifty-two week low of $0.56 and a fifty-two week high of $2.67. The business has a 50 day moving average price of $1.98 and a 200-day moving average price of $1.54.

Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $8.46 million for 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%. Research analysts predict that Kopin Corporation will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

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

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.

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