Panoramic Capital LLC Makes New $1.57 Million Investment in Kopin Corporation $KOPN

Panoramic Capital LLC acquired a new stake in Kopin Corporation (NASDAQ:KOPN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 350,000 shares of the company’s stock, valued at approximately $1,568,000.

Several other hedge funds have also recently modified their holdings of KOPN. Principal Financial Group Inc. increased its position in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after acquiring an additional 3,243 shares during the last quarter. Deutsche Bank AG boosted its position in Kopin by 4.0% in the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock worth $363,000 after purchasing an additional 5,902 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Kopin in the 2nd quarter valued at $33,000. Sequoia Financial Advisors LLC increased its position in shares of Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after purchasing an additional 7,971 shares during the last quarter. Finally, First Bank & Trust increased its position in shares of Kopin by 79.1% during the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after purchasing an additional 8,176 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KOPN. Stifel Nicolaus boosted their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group boosted their target price on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Craig Hallum reissued a “buy” rating and set a $10.00 target price on shares of Kopin in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kopin currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.20.

Kopin Price Performance

Shares of KOPN opened at $4.73 on Thursday. Kopin Corporation has a 1 year low of $1.81 and a 1 year high of $6.61. The stock’s fifty day moving average price is $4.21 and its two-hundred day moving average price is $3.72. The firm has a market cap of $879.17 million, a PE ratio of 118.28 and a beta of 3.51.

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.