Royce & Associates LP Boosts Stock Position in Kopin Co. (NASDAQ:KOPN)

Royce & Associates LP lifted its holdings in Kopin Co. (NASDAQ:KOPN - Free Report) by 485.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,693,294 shares of the company's stock after purchasing an additional 5,550,000 shares during the quarter. Royce & Associates LP owned 5.53% of Kopin worth $4,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Murphy Pohlad Asset Management LLC boosted its position in Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company's stock worth $99,000 after purchasing an additional 28,000 shares during the last quarter. Affinity Capital Advisors LLC purchased a new position in shares of Kopin in the third quarter worth approximately $54,000. XTX Topco Ltd purchased a new position in shares of Kopin in the second quarter worth approximately $32,000. Renaissance Technologies LLC grew its position in Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company's stock valued at $711,000 after buying an additional 703,740 shares during the period. Finally, AMG National Trust Bank increased its holdings in Kopin by 10.5% during the second quarter. AMG National Trust Bank now owns 105,000 shares of the company's stock valued at $88,000 after buying an additional 10,000 shares during the last quarter. 30.96% of the stock is owned by institutional investors.

Kopin Stock Performance

Shares of NASDAQ KOPN traded up $0.02 during midday trading on Tuesday, reaching $0.85. The stock had a trading volume of 701,854 shares, compared to its average volume of 1,481,540. The company has a market capitalization of $102.38 million, a price-to-earnings ratio of -2.06 and a beta of 2.60. Kopin Co. has a 12-month low of $0.56 and a 12-month high of $2.82. The stock has a 50-day moving average of $0.78 and a 200-day moving average of $0.84.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. During the same quarter in the prior year, the business posted ($0.02) EPS. As a group, analysts forecast that Kopin Co. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KOPN. HC Wainwright reiterated a "buy" rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday, November 13th. Stifel Nicolaus lowered their target price on Kopin from $3.00 to $2.50 and set a "buy" rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com upgraded Kopin from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th.

Kopin Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.