Charles Schwab Investment Management Inc. Sells 76,051 Shares of Kopin Corporation $KOPN

Charles Schwab Investment Management Inc. reduced its position in Kopin Corporation (NASDAQ:KOPN) by 60.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,841 shares of the company’s stock after selling 76,051 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kopin were worth $46,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP lifted its holdings in shares of Kopin by 140.9% during the fourth quarter. Two Sigma Investments LP now owns 562,037 shares of the company’s stock valued at $764,000 after acquiring an additional 328,713 shares during the period. Royce & Associates LP lifted its holdings in shares of Kopin by 3.3% during the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company’s stock valued at $7,441,000 after acquiring an additional 255,450 shares during the period. Jane Street Group LLC bought a new position in shares of Kopin during the fourth quarter valued at $300,000. Cerity Partners LLC bought a new position in shares of Kopin during the first quarter valued at $201,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Kopin during the fourth quarter valued at $287,000. 30.96% of the stock is owned by institutional investors.

Kopin Stock Up 4.4%

Shares of KOPN stock opened at $2.14 on Friday. The stock has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.50. The firm has a market cap of $348.41 million, a price-to-earnings ratio of -23.78 and a beta of 2.96. Kopin Corporation has a 12 month low of $0.56 and a 12 month high of $2.50.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $8.46 million during the quarter, compared to analyst estimates of $10.57 million. Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%. Sell-side analysts predict that Kopin Corporation will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Kopin from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Kopin has a consensus rating of “Buy” and a consensus price target of $2.63.

Kopin Company 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.