161,137 Shares in Kopin Corporation $KOPN Bought by CM Wealth Advisors LLC

CM Wealth Advisors LLC acquired a new stake in Kopin Corporation (NASDAQ:KOPN) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 161,137 shares of the company’s stock, valued at approximately $722,000.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG increased its position in Kopin by 40.3% during the 4th quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock worth $3,181,000 after purchasing an additional 390,404 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Kopin by 123.2% during the 4th quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock valued at $3,029,000 after acquiring an additional 714,423 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Kopin during the second quarter worth approximately $2,542,000. Focused Wealth Management Inc purchased a new position in shares of Kopin in the 2nd quarter worth $1,026,000. Finally, Telemark Asset Management LLC raised its holdings in shares of Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,000,000 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on KOPN shares. Stifel Nicolaus raised their price objective on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Lake Street Capital raised their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group raised their price objective on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.20.

Kopin Stock Performance

Shares of KOPN stock opened at $4.93 on Thursday. The stock has a fifty day moving average of $4.23 and a two-hundred day moving average of $3.64. The firm has a market capitalization of $916.35 million, a PE ratio of 123.28 and a beta of 3.51. Kopin Corporation has a 1 year low of $1.68 and a 1 year high of $6.61.

About Kopin

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.