Kopin Corporation $KOPN Shares Purchased by Silverberg Bernstein Capital Management LLC

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 grew its holdings in Kopin Corporation (NASDAQ:KOPN - Free Report) by 43.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,059,709 shares of the company's stock after acquiring an additional 322,205 shares during the period. Kopin comprises about 1.1% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Silverberg Bernstein Capital Management LLC owned about 0.65% of Kopin worth $1,621,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. O Connor Financial Group LLC purchased a new stake in shares of Kopin in the second quarter worth about $32,000. Virtu Financial LLC bought a new stake in Kopin during the first quarter worth approximately $36,000. Balyasny Asset Management L.P. bought a new stake in Kopin during the fourth quarter worth approximately $91,000. PEAK6 LLC increased its stake in Kopin by 12.5% during the first quarter. PEAK6 LLC now owns 71,200 shares of the company's stock worth $66,000 after acquiring an additional 7,900 shares during the last quarter. Finally, Penbrook Management LLC increased its stake in Kopin by 92.1% during the first quarter. Penbrook Management LLC now owns 93,325 shares of the company's stock worth $87,000 after acquiring an additional 44,750 shares during the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KOPN. Lake Street Capital boosted their price target on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday. Canaccord Genuity Group increased their price objective on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Wall Street Zen lowered Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $3.00.

Kopin Trading Down 0.4%

Shares of KOPN stock traded down $0.01 on Friday, reaching $2.69. 7,775,775 shares of the stock were exchanged, compared to its average volume of 4,156,851. Kopin Corporation has a twelve month low of $0.56 and a twelve month high of $2.82. The company has a market capitalization of $437.96 million, a price-to-earnings ratio of -29.89 and a beta of 2.96. The business's 50 day moving average price is $2.05 and its 200 day moving average price is $1.57.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $8.46 million for the quarter, compared to analysts' expectations of $10.57 million. Equities research analysts forecast that Kopin Corporation will post -0.14 earnings per share 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.