Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Kopin Corporation $KOPN

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Kopin Corporation (NASDAQ:KOPN) by 40.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,663,821 shares of the company’s stock after buying an additional 481,268 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Kopin were worth $4,143,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Triasima Portfolio Management inc. purchased a new stake in shares of Kopin in the 4th quarter valued at approximately $55,000. UBS Group AG increased its position in shares of Kopin by 40.3% in the 4th quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after purchasing an additional 390,404 shares during the last quarter. Focused Wealth Management Inc increased its position in shares of Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock valued at $497,000 after purchasing an additional 5,000 shares during the last quarter. Greenberg Financial Group purchased a new stake in shares of Kopin in the 4th quarter valued at approximately $143,000. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Kopin by 6.3% in the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,277,409 shares of the company’s stock valued at $2,989,000 after buying an additional 75,400 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Price Performance

Shares of NASDAQ:KOPN opened at $4.97 on Tuesday. The stock has a market cap of $911.30 million, a P/E ratio of 497.50 and a beta of 3.40. The firm has a fifty day moving average price of $2.83 and a 200 day moving average price of $2.72. Kopin Corporation has a 1-year low of $1.23 and a 1-year high of $5.45.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Kopin had a net margin of 6.63% and a return on equity of 8.53%. The firm had revenue of $8.37 million during the quarter, compared to analysts’ expectations of $12.98 million. Sell-side analysts expect that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KOPN shares. Canaccord Genuity Group started coverage on shares of Kopin in a report on Friday. They issued a “buy” rating and a $5.50 target price for the company. Zacks Research upgraded shares of Kopin from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Lake Street Capital restated a “buy” rating and issued a $5.00 target price on shares of Kopin in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.60.

Insider Buying and Selling at Kopin

In other news, COO Paul Christopher Baker sold 58,939 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer owned 420,025 shares in the company, valued at approximately $2,058,122.50. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the sale, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at $8,341,077.22. This trade represents a 3.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 524,760 shares of company stock valued at $1,763,275 in the last 90 days. Company insiders own 2.80% of the company’s stock.

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.