Formula Growth Ltd. Acquires New Shares in Kopin Corporation $KOPN

Formula Growth Ltd. acquired a new position in shares of Kopin Corporation (NASDAQ:KOPN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 250,000 shares of the company’s stock, valued at approximately $1,120,000.

Several other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after buying an additional 3,243 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Kopin by 4.0% in the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock worth $363,000 after buying an additional 5,902 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Kopin in the second quarter worth about $33,000. Sequoia Financial Advisors LLC boosted its position in shares of Kopin by 13.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after acquiring an additional 7,971 shares during the period. Finally, First Bank & Trust boosted its position in shares of Kopin by 79.1% in the second quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after acquiring an additional 8,176 shares during the period. Institutional investors own 30.96% of the company’s stock.

Analyst Upgrades and Downgrades

KOPN has been the subject of several recent analyst reports. 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 note on Friday, August 14th. Craig Hallum reiterated a “buy” rating and issued a $10.00 target price on shares of Kopin in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Finally, 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 report on Wednesday, May 13th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.20.

Kopin Stock Up 1.9%

NASDAQ:KOPN opened at $4.82 on Friday. The stock has a market cap of $895.89 million, a P/E ratio of 120.53 and a beta of 3.51. The business’s 50-day moving average price is $4.21 and its two-hundred day moving average price is $3.74. Kopin Corporation has a twelve month low of $1.81 and a twelve month 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.