Barclays PLC Acquires Shares of 58,234 Kopin Co. (NASDAQ:KOPN)

Barclays PLC acquired a new position in Kopin Co. (NASDAQ:KOPN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,234 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors have also bought and sold shares of the company. Murphy Pohlad Asset Management LLC lifted its position in shares of Kopin by 13.0% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock worth $208,000 after acquiring an additional 17,600 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Kopin during the fourth quarter valued at about $25,000. Prudential Financial Inc. purchased a new position in Kopin in the 4th quarter worth approximately $37,000. Penbrook Management LLC purchased a new stake in Kopin during the 4th quarter valued at $66,000. Finally, SBI Securities Co. Ltd. purchased a new position in Kopin during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Analyst Upgrades and Downgrades

KOPN has been the topic of several research reports. Canaccord Genuity Group cut their price objective on Kopin from $2.50 to $2.25 and set a “buy” rating on the stock in a research report on Monday, April 21st. StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.56.

Kopin Price Performance

Shares of KOPN stock opened at $1.41 on Thursday. The company has a market capitalization of $228.51 million, a price-to-earnings ratio of -3.44 and a beta of 3.16. The company’s fifty day moving average price is $1.16 and its 200-day moving average price is $1.24. Kopin Co. has a one year low of $0.56 and a one year high of $2.17.

Kopin (NASDAQ:KOPN) last posted its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $14.65 million during the quarter, compared to analysts’ expectations of $11.15 million. During the same period last year, the company posted ($0.04) earnings per share. Equities research analysts expect that Kopin Co. will post -0.14 earnings per share for the current fiscal 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.