Royce & Associates LP Acquires 1,033,088 Shares of Kopin Co. (NASDAQ:KOPN)

Royce & Associates LP grew its stake in shares of Kopin Co. (NASDAQ:KOPN - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,726,382 shares of the company's stock after buying an additional 1,033,088 shares during the period. Royce & Associates LP owned 4.87% of Kopin worth $10,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KOPN. Victory Capital Management Inc. purchased a new position in Kopin during the fourth quarter valued at approximately $25,000. O Connor Financial Group LLC bought a new position in Kopin in the 4th quarter valued at $28,000. FMR LLC grew its position in shares of Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company's stock valued at $42,000 after purchasing an additional 57,604 shares in the last quarter. Penbrook Management LLC bought a new position in shares of Kopin in the fourth quarter worth $66,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Kopin in the fourth quarter worth $69,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com cut Kopin from a "hold" rating to a "sell" rating in a research report on Saturday, December 21st. Canaccord Genuity Group boosted their price objective on Kopin from $2.00 to $2.50 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kopin has a consensus rating of "Moderate Buy" and an average target price of $2.63.

Remove Ads

Kopin Stock Performance

NASDAQ KOPN remained flat at $1.38 during trading hours on Friday. The company's stock had a trading volume of 1,438,624 shares, compared to its average volume of 2,219,116. The firm has a 50-day moving average price of $1.51 and a 200 day moving average price of $1.15. Kopin Co. has a twelve month low of $0.56 and a twelve month high of $2.17. The firm has a market cap of $219.15 million, a P/E ratio of -3.37 and a beta of 2.74.

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.