Geode Capital Management LLC Has $2.18 Million Position in Kopin Co. (NASDAQ:KOPN)

Geode Capital Management LLC raised its stake in Kopin Co. (NASDAQ:KOPN) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,599,109 shares of the company’s stock after acquiring an additional 408,396 shares during the quarter. Geode Capital Management LLC owned about 1.01% of Kopin worth $2,175,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in Kopin during the 4th quarter worth $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin in the fourth quarter valued at about $28,000. Prudential Financial Inc. bought a new position in Kopin during the fourth quarter worth about $37,000. Penbrook Management LLC acquired a new stake in Kopin in the 4th quarter worth about $66,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kopin in the 4th quarter valued at about $69,000. Institutional investors own 30.96% of the company’s stock.

Analyst Ratings Changes

KOPN has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their price target on shares of Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research report on Monday, April 21st. StockNews.com raised Kopin from a “sell” rating to a “hold” rating in a report on Friday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2.56.

Kopin Trading Up 1.5 %

NASDAQ KOPN opened at $1.32 on Wednesday. Kopin Co. has a 1 year low of $0.56 and a 1 year high of $2.17. The firm has a market capitalization of $213.93 million, a price-to-earnings ratio of -3.22 and a beta of 3.24. The firm’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $1.20.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $14.65 million for the quarter, compared to analyst estimates of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter last year, the company posted ($0.04) EPS. On average, equities research analysts forecast that Kopin Co. will post -0.14 earnings per share for the current year.

About Kopin

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.