Telemark Asset Management LLC Raises Position in Kopin Corporation $KOPN

Telemark Asset Management LLC raised its holdings in Kopin Corporation (NASDAQ:KOPN) by 33.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,000,000 shares of the company’s stock after buying an additional 1,000,000 shares during the quarter. Telemark Asset Management LLC owned about 2.46% of Kopin worth $6,120,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. O Connor Financial Group LLC purchased a new position in shares of Kopin in the second quarter worth $32,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Kopin in the 2nd quarter worth $49,000. Virtu Financial LLC acquired a new stake in Kopin during the 1st quarter worth about $36,000. PEAK6 LLC grew its stake in Kopin by 12.5% during the 1st quarter. PEAK6 LLC now owns 71,200 shares of the company’s stock valued at $66,000 after purchasing an additional 7,900 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Kopin during the 2nd quarter valued at about $121,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Lake Street Capital lifted their price objective on shares of Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Craig Hallum assumed coverage on shares of Kopin in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price objective on the stock. Stifel Nicolaus began coverage on shares of Kopin in a report on Friday, October 17th. They set a “buy” rating and a $5.50 target price for the company. Finally, Canaccord Genuity Group boosted their target price on shares of Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.69.

Kopin Stock Performance

Shares of Kopin stock opened at $2.21 on Friday. The firm has a 50-day simple moving average of $3.01 and a two-hundred day simple moving average of $2.17. Kopin Corporation has a fifty-two week low of $0.71 and a fifty-two week high of $4.16. The company has a market cap of $403.35 million, a P/E ratio of -24.56 and a beta of 2.98.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $11.96 million during the quarter, compared to analyst estimates of $13.89 million. Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%. Equities research analysts forecast that Kopin Corporation will post -0.14 EPS 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.