Royce & Associates LP Grows Stock Holdings in Kopin Co. (NASDAQ:KOPN)

Royce & Associates LP lifted its position in Kopin Co. (NASDAQ:KOPN) by 485.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,693,294 shares of the company’s stock after purchasing an additional 5,550,000 shares during the quarter. Royce & Associates LP owned 0.06% of Kopin worth $4,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AMG National Trust Bank lifted its position in Kopin by 10.5% in the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after buying an additional 10,000 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Kopin in the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin in the 1st quarter valued at $37,000. JT Stratford LLC bought a new position in shares of Kopin during the 1st quarter valued at $37,000. Finally, Murphy Pohlad Asset Management LLC raised its position in Kopin by 26.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock worth $99,000 after purchasing an additional 28,000 shares during the period. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $0.83 on Tuesday. The company has a 50-day moving average price of $0.78 and a 200-day moving average price of $0.84. The company has a market cap of $100.19 million, a price-to-earnings ratio of -2.02 and a beta of 2.60. Kopin Co. has a 12 month low of $0.56 and a 12 month high of $2.82.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The firm had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same period last year, the company earned ($0.02) EPS. As a group, research analysts forecast that Kopin Co. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

KOPN has been the subject of several analyst reports. StockNews.com upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. Finally, Stifel Nicolaus decreased their price target on Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Kopin 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.