Kopin Corporation $KOPN Shares Acquired by UBS Group AG

UBS Group AG lifted its holdings in shares of Kopin Corporation (NASDAQ:KOPN) by 40.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,359,380 shares of the company’s stock after purchasing an additional 390,404 shares during the quarter. UBS Group AG’s holdings in Kopin were worth $3,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Prudential Financial Inc. purchased a new position in shares of Kopin during the 2nd quarter worth $25,000. Legal & General Group Plc purchased a new position in shares of Kopin during the 2nd quarter worth $25,000. Russell Investments Group Ltd. purchased a new position in shares of Kopin during the 3rd quarter worth $33,000. AE Wealth Management LLC grew its holdings in shares of Kopin by 68.7% during the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock worth $41,000 after purchasing an additional 6,873 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Kopin during the 3rd quarter worth $41,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Price Performance

Shares of Kopin stock opened at $5.14 on Monday. The business has a 50-day moving average of $3.32 and a 200 day moving average of $2.81. Kopin Corporation has a 12 month low of $1.23 and a 12 month high of $6.45. The stock has a market capitalization of $940.21 million, a price-to-earnings ratio of 514.51 and a beta of 3.40.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The firm had revenue of $10.55 billion for the quarter, compared to analysts’ expectations of $9.96 million. Equities research analysts anticipate that Kopin Corporation will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KOPN. JonesTrading began coverage on Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 price target for the company. Weiss Ratings cut Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Canaccord Genuity Group increased their price target on Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Stifel Nicolaus raised their target price on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Insider Transactions at Kopin

In related news, CEO Michael Andrew Murray sold 187,920 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of the transaction, the chief executive officer directly owned 2,931,122 shares in the company, valued at $8,207,141.60. This trade represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the transaction, the chief operating officer owned 480,005 shares of the company’s stock, valued at $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 524,760 shares of company stock valued at $1,763,275 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Kopin Profile

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.