DNB Asset Management AS Purchases 342,389 Shares of Kopin Corporation $KOPN

DNB Asset Management AS increased its position in shares of Kopin Corporation (NASDAQ:KOPN) by 144.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 579,945 shares of the company’s stock after acquiring an additional 342,389 shares during the period. DNB Asset Management AS owned about 0.36% of Kopin worth $1,409,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bravias Capital Group LLC acquired a new stake in shares of Kopin during the third quarter valued at about $32,000. Prudential Financial Inc. acquired a new stake in Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc bought a new stake in Kopin during the 2nd quarter worth approximately $25,000. AE Wealth Management LLC grew its holdings in Kopin by 68.7% during the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock worth $41,000 after acquiring an additional 6,873 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in Kopin in the 3rd quarter valued at approximately $46,000. 30.96% of the stock is currently owned by institutional investors.

Kopin Price Performance

Shares of Kopin stock opened at $2.27 on Wednesday. The stock’s 50-day moving average is $2.55 and its 200 day moving average is $2.63. Kopin Corporation has a one year low of $0.71 and a one year high of $4.16. The firm has a market cap of $414.30 million, a price-to-earnings ratio of -56.75 and a beta of 2.87.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KOPN shares. Canaccord Genuity Group boosted their price objective on shares of Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Lake Street Capital upped their target price on Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.69.

Kopin Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.