Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 567,402 Kopin Corporation $KOPN

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Kopin Corporation (NASDAQ:KOPN) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 567,402 shares of the company’s stock, valued at approximately $2,542,000.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after purchasing an additional 1,806,632 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Kopin by 113,958.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock worth $108,000 after buying an additional 70,654 shares during the period. Legal & General Group Plc bought a new stake in Kopin in the second quarter valued at approximately $25,000. Rhumbline Advisers bought a new position in Kopin during the second quarter worth $259,000. Finally, Prudential Financial Inc. acquired a new stake in Kopin in the second quarter worth $25,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Trading Down 3.3%

Shares of NASDAQ:KOPN opened at $5.32 on Tuesday. The firm’s 50-day moving average is $4.22 and its 200 day moving average is $3.61. Kopin Corporation has a 12 month low of $1.68 and a 12 month high of $6.61. The company has a market capitalization of $988.83 million, a price-to-earnings ratio of 133.03 and a beta of 3.51.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KOPN. JonesTrading started coverage on shares of Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 price target for the company. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Canaccord Genuity Group boosted their price target on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research report on Friday. Zacks Research cut shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Lake Street Capital lifted their price objective on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Five investment 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’s stock. Based on data from MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and an average target price of $7.20.

Kopin Company 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.