Kopin Co. (NASDAQ:KOPN) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its stake in Kopin Co. (NASDAQ:KOPN) by 11,517.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,489 shares of the company’s stock after buying an additional 177,944 shares during the period. Bank of America Corp DE owned 0.11% of Kopin worth $244,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KOPN. Victory Capital Management Inc. bought a new position in shares of Kopin during the fourth quarter worth about $25,000. One68 Global Capital LLC bought a new position in Kopin in the 4th quarter worth about $30,000. Prudential Financial Inc. acquired a new stake in shares of Kopin in the fourth quarter valued at approximately $37,000. Tower Research Capital LLC TRC increased its stake in shares of Kopin by 271.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company’s stock valued at $42,000 after purchasing an additional 22,316 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kopin during the fourth quarter valued at approximately $69,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on KOPN shares. Wall Street Zen lowered Kopin from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Canaccord Genuity Group decreased their price target on Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.56.

Kopin Trading Down 2.5%

Shares of NASDAQ:KOPN opened at $1.56 on Friday. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.33. The firm has a market cap of $253.96 million, a P/E ratio of -3.80 and a beta of 2.85. Kopin Co. has a twelve month low of $0.56 and a twelve month high of $2.17.

Kopin (NASDAQ:KOPN) last released its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $14.65 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts forecast that Kopin Co. will post -0.14 EPS for the current year.

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.