AWM Investment Company Inc. Has $17.42 Million Stake in Kopin Co. (NASDAQ:KOPN)

AWM Investment Company Inc. lowered its stake in Kopin Co. (NASDAQ:KOPN) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,807,410 shares of the company’s stock after selling 349,491 shares during the quarter. Kopin accounts for approximately 2.1% of AWM Investment Company Inc.’s portfolio, making the stock its 15th largest position. AWM Investment Company Inc. owned approximately 8.07% of Kopin worth $17,418,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KOPN. Millennium Management LLC increased its stake in Kopin by 6.3% in the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company’s stock valued at $380,000 after purchasing an additional 16,630 shares in the last quarter. Murphy Pohlad Asset Management LLC grew its stake in shares of Kopin by 13.0% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock valued at $208,000 after buying an additional 17,600 shares during the period. Victory Capital Management Inc. bought a new stake in Kopin in the 4th quarter valued at about $25,000. One68 Global Capital LLC bought a new stake in Kopin in the 4th quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC raised its stake in Kopin by 271.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company’s stock worth $42,000 after buying an additional 22,316 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Stock Performance

Shares of KOPN opened at $1.38 on Wednesday. The firm has a market capitalization of $224.66 million, a P/E ratio of -3.37 and a beta of 3.16. Kopin Co. has a 52 week low of $0.56 and a 52 week high of $2.17. The stock has a 50 day moving average price of $1.16 and a two-hundred day moving average price of $1.26.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The business had revenue of $14.65 million during the quarter, compared to the consensus estimate of $11.15 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, equities analysts forecast that Kopin Co. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on KOPN. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Canaccord Genuity Group reduced their price target on shares of Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kopin has an average rating of “Moderate Buy” and an average target price of $2.56.

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.