Stifel Financial Corp Has $572,000 Holdings in Kopin Co. (NASDAQ:KOPN)

Stifel Financial Corp lowered its position in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,364 shares of the company's stock after selling 206,049 shares during the period. Stifel Financial Corp owned 0.26% of Kopin worth $572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in Kopin in the 4th quarter worth approximately $25,000. Prudential Financial Inc. purchased a new position in shares of Kopin in the 4th quarter valued at approximately $37,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kopin by 271.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after buying an additional 22,316 shares in the last quarter. Penbrook Management LLC purchased a new position in Kopin during the 4th quarter valued at about $66,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Kopin in the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Analysts Set New Price Targets

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

Kopin Stock Performance

KOPN stock traded down $0.02 during trading on Friday, hitting $1.51. 839,568 shares of the company's stock traded hands, compared to its average volume of 4,337,153. Kopin Co. has a 52 week low of $0.56 and a 52 week high of $2.17. The business has a fifty day simple moving average of $1.16 and a 200 day simple moving average of $1.25. The stock has a market capitalization of $243.91 million, a price-to-earnings ratio of -3.67 and a beta of 3.16.

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

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.