188,300 Shares in Kopin Corporation $KOPN Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new position in shares of Kopin Corporation (NASDAQ:KOPN) during the first quarter, Holdings Channel reports. The firm purchased 188,300 shares of the company’s stock, valued at approximately $424,000.

Several other institutional investors also recently bought and sold shares of the business. UBS Group AG raised its stake in shares of Kopin by 40.3% during the 4th quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock worth $3,181,000 after buying an additional 390,404 shares during the period. DNB Asset Management AS grew its stake in Kopin by 123.2% in the 4th quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock valued at $3,029,000 after acquiring an additional 714,423 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Kopin in the 3rd quarter worth $976,000. Telemark Asset Management LLC raised its position in Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after acquiring an additional 2,000,000 shares during the period. Finally, CenterBook Partners LP acquired a new position in Kopin during the fourth quarter worth $2,925,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Kopin Stock Up 3.6%

Shares of NASDAQ KOPN opened at $3.71 on Tuesday. The firm has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $3.47. The stock has a market capitalization of $678.63 million, a price-to-earnings ratio of 371.37 and a beta of 3.47. Kopin Corporation has a 52 week low of $1.66 and a 52 week high of $6.61.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $10.55 million during the quarter, compared to analysts’ expectations of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. As a group, equities research analysts expect that Kopin Corporation will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KOPN. Stifel Nicolaus lifted their target price on shares of Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group boosted their price objective on Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings cut Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Craig Hallum restated a “buy” rating and issued a $10.00 target price on shares of Kopin in a research report on Tuesday, May 12th. Finally, Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.15.

Insider Buying and Selling

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer owned 420,025 shares in the company, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.60% of the company’s stock.

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.