Royce & Associates LP Has $15.86 Million Stock Holdings in Kopin Corporation $KOPN

Royce & Associates LP lessened its holdings in Kopin Corporation (NASDAQ:KOPN) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,778,197 shares of the company’s stock after selling 840,480 shares during the quarter. Royce & Associates LP’s holdings in Kopin were worth $15,861,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KOPN. UBS Group AG raised its holdings in Kopin by 40.3% during the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after buying an additional 390,404 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Kopin by 123.2% in the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after purchasing an additional 714,423 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Kopin during the third quarter worth about $976,000. Herald Investment Management Ltd grew its position in Kopin by 30.3% during the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock worth $4,860,000 after buying an additional 465,000 shares in the last quarter. Finally, Telemark Asset Management LLC boosted its holdings in Kopin by 25.0% during the third quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock valued at $12,150,000 after purchasing an additional 1,000,000 shares in the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Stock Performance

Shares of KOPN stock opened at $5.61 on Wednesday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 561.56 and a beta of 3.40. Kopin Corporation has a 52-week low of $1.23 and a 52-week high of $6.45. The firm’s 50-day moving average is $3.45 and its 200-day moving average is $2.84.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $10.55 billion during the quarter, compared to the consensus estimate of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. Sell-side analysts predict that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KOPN shares. Stifel Nicolaus lifted their price objective on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a report on Wednesday, May 13th. Canaccord Genuity Group boosted their price objective on shares of Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, May 14th. JonesTrading started coverage on shares of Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 target price for the company. Zacks Research upgraded shares of Kopin from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.15.

Insider Buying and Selling

In other news, CEO Michael Andrew Murray sold 187,920 shares of Kopin stock in a transaction on Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer owned 2,931,122 shares in the company, valued at approximately $8,207,141.60. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total transaction of $461,597.00. Following the transaction, the chief operating officer owned 480,005 shares in the company, valued at approximately $1,896,019.75. This trade represents a 19.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 524,760 shares of company stock worth $1,763,275 over the last three months. 2.80% of the stock is currently owned by insiders.

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.