Squarepoint Ops LLC Acquires 1,172,369 Shares of Kopin Corporation $KOPN

Squarepoint Ops LLC increased its stake in Kopin Corporation (NASDAQ:KOPN) by 368.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,490,289 shares of the company’s stock after acquiring an additional 1,172,369 shares during the period. Squarepoint Ops LLC’s holdings in Kopin were worth $6,676,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in Kopin during the second quarter valued at approximately $33,000. Quantbot Technologies LP purchased a new position in shares of Kopin in the 2nd quarter worth approximately $39,000. Allworth Financial LP purchased a new position in shares of Kopin in the 2nd quarter worth approximately $41,000. Emergent Wealth Advisors LLC bought a new position in shares of Kopin during the 2nd quarter valued at approximately $48,000. Finally, Cibc World Markets Corp bought a new position in shares of Kopin during the 4th quarter valued at approximately $28,000. 30.96% of the stock is owned by institutional investors.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $4.39 on Friday. The business’s 50 day moving average price is $4.24 and its 200-day moving average price is $3.89. Kopin Corporation has a fifty-two week low of $1.81 and a fifty-two week high of $6.61. The company has a market cap of $815.97 million, a price-to-earnings ratio of 109.78 and a beta of 3.57.

Analysts Set New Price Targets

KOPN has been the subject of a number of analyst reports. Zacks Research downgraded Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Canaccord Genuity Group boosted their price objective on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.20.

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.