Tudor Investment Corp ET AL Takes Position in Kopin Corporation $KOPN

Key Points

• Tudor Investment Corp ET AL bought 401,560 shares of Kopin in the third quarter (~$976,000), representing about 0.22% of the company, and other institutions (notably Millennium Management) materially increased positions, leaving institutional ownership near 30.96%.
• Kopin's most recent quarter showed an EPS of $0.04 (beating estimates) but revenue missed at $8.37M, and the company still reports a negative net margin (-13.81%) and negative ROE (-30.97%), with analysts forecasting -$0.14 EPS for the year.
• The stock trades around $2.72 (52‑week range $0.81–$4.16) with a market cap of about $496M, and the analyst consensus is a "Moderate Buy" with an average price target of $4.69.

Tudor Investment Corp ET AL acquired a new stake in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 401,560 shares of the company's stock, valued at approximately $976,000. Tudor Investment Corp ET AL owned about 0.22% of Kopin at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new stake in shares of Kopin during the third quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd increased its position in Kopin by 73,450.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 17,652 shares of the company's stock worth $43,000 after purchasing an additional 17,628 shares during the last quarter. Militia Capital Partners LP bought a new stake in Kopin in the third quarter worth $169,000. Millennium Management LLC increased its position in Kopin by 412.0% in the third quarter. Millennium Management LLC now owns 486,439 shares of the company's stock worth $1,182,000 after purchasing an additional 391,433 shares during the last quarter. Finally, Jain Global LLC bought a new stake in Kopin in the third quarter worth $106,000. Institutional investors own 30.96% of the company's stock.

Kopin Stock Performance

Shares of KOPN opened at $2.72 on Wednesday. The company's fifty day moving average is $2.28 and its 200 day moving average is $2.65. Kopin Corporation has a fifty-two week low of $0.81 and a fifty-two week high of $4.16. The stock has a market capitalization of $496.43 million, a PE ratio of 272.27 and a beta of 2.73.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $8.37 million during the quarter, compared to analyst estimates of $12.98 million. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. As a group, research analysts forecast that Kopin Corporation will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KOPN shares. Wall Street Zen cut shares of Kopin from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings restated a "sell (e+)" rating on shares of Kopin in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.69.

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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