Geode Capital Management LLC Increases Stock Position in Kopin Co. (NASDAQ:KOPN)

Geode Capital Management LLC lifted its position in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,599,109 shares of the company's stock after acquiring an additional 408,396 shares during the quarter. Geode Capital Management LLC owned approximately 1.01% of Kopin worth $2,175,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in Kopin in the 4th quarter valued at $25,000. O Connor Financial Group LLC bought a new position in shares of Kopin in the fourth quarter valued at approximately $28,000. Prudential Financial Inc. bought a new stake in Kopin during the fourth quarter worth $37,000. Penbrook Management LLC purchased a new position in Kopin during the 4th quarter worth $66,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kopin in the 4th quarter worth $69,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Stock Down 1.1 %

Shares of Kopin stock traded down $0.02 during trading on Monday, hitting $1.34. 166,199 shares of the stock traded hands, compared to its average volume of 2,310,979. The stock has a market cap of $216.36 million, a price-to-earnings ratio of -3.26 and a beta of 3.16. Kopin Co. has a 52 week low of $0.56 and a 52 week high of $2.17. The firm's fifty day moving average is $1.15 and its 200-day moving average is $1.21.

Kopin (NASDAQ:KOPN - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $14.65 million for the quarter, compared to analyst estimates of $11.15 million. During the same quarter last year, the firm earned ($0.04) EPS. On average, analysts forecast that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on KOPN shares. StockNews.com upgraded Kopin from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Canaccord Genuity Group lowered their price target on shares of Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kopin has an average rating of "Moderate Buy" and a consensus target price of $2.56.

Kopin Company 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.