Polar Asset Management Partners Inc. Purchases New Position in Kopin Corporation $KOPN

Polar Asset Management Partners Inc. acquired a new position in Kopin Corporation (NASDAQ:KOPN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 188,300 shares of the company’s stock, valued at approximately $424,000. Polar Asset Management Partners Inc. owned approximately 0.10% of Kopin as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Kopin by 224.0% during the 4th quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after purchasing an additional 7,687,358 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Kopin by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock worth $22,784,000 after buying an additional 945,662 shares in the last quarter. Telemark Asset Management LLC grew its position in shares of Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kopin by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock valued at $10,080,000 after buying an additional 544,189 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Kopin by 40.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,663,821 shares of the company’s stock valued at $4,143,000 after buying an additional 481,268 shares during the period. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Stock Up 3.6%

Shares of KOPN opened at $3.71 on Tuesday. The company has a 50 day moving average of $4.59 and a two-hundred day moving average of $3.47. Kopin Corporation has a twelve month low of $1.66 and a twelve month high of $6.61. The company has a market cap of $678.63 million, a price-to-earnings ratio of 371.37 and a beta of 3.47.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The business had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. On average, sell-side analysts expect that Kopin Corporation will post -0.02 EPS for the current year.

Insider Buying and Selling

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the stock in a transaction dated Wednesday, May 6th. The stock was 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 directly owned 420,025 shares in the company, valued at approximately $2,058,122.50. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

KOPN has been the subject of a number of research reports. Weiss Ratings lowered shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Canaccord Genuity Group raised their target price on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Stifel Nicolaus upped their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, JonesTrading began coverage on shares of Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.15.

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.