Telemark Asset Management LLC Makes New Investment in Kopin Corporation (NASDAQ:KOPN)

Key Points

• Telemark Asset Management LLC has acquired 3,000,000 shares of Kopin Corporation, totaling approximately $2.8 million, representing a 1.85% ownership stake as of their latest SEC filing.
• Several institutional investors have increased their positions in Kopin, with hedge funds now collectively owning 30.96% of the company's stock.
• Despite reporting a revenue of $14.65 million, Kopin missed earnings expectations, reporting a loss of ($0.02) per share for the most recent quarter, signaling ongoing financial challenges.

Telemark Asset Management LLC bought a new position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,000,000 shares of the company's stock, valued at approximately $2,797,000. Telemark Asset Management LLC owned about 1.85% of Kopin at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. One68 Global Capital LLC bought a new stake in shares of Kopin in the 4th quarter valued at $30,000. Prudential Financial Inc. bought a new stake in shares of Kopin in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC boosted its stake in shares of Kopin by 271.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after purchasing an additional 22,316 shares during the last quarter. Barclays PLC bought a new stake in shares of Kopin in the 4th quarter valued at $79,000. Finally, PEAK6 LLC bought a new stake in shares of Kopin in the 4th quarter valued at $86,000. 30.96% of the stock is owned by institutional investors.

Kopin Price Performance

Shares of Kopin stock traded up $0.03 during trading on Friday, reaching $1.92. 2,739,468 shares of the company traded hands, compared to its average volume of 3,338,476. Kopin Corporation has a 1-year low of $0.56 and a 1-year high of $2.50. The company has a 50 day moving average price of $1.72 and a 200-day moving average price of $1.47. The firm has a market capitalization of $312.58 million, a PE ratio of -17.45 and a beta of 2.74.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Kopin had a negative net margin of 28.70% and a negative return on equity of 87.81%. The company had revenue of $14.65 million for the quarter, compared to analyst estimates of $12.41 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. Equities research analysts expect that Kopin Corporation will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

KOPN has been the topic of a number of analyst reports. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Canaccord Genuity Group dropped their target price on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Monday, April 21st.

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.