Principal Financial Group Inc. raised its holdings in Kopin Corporation (NASDAQ:KOPN) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 463,274 shares of the semiconductor company’s stock after acquiring an additional 1,446 shares during the period. Principal Financial Group Inc. owned approximately 0.72% of Kopin Corporation worth $1,719,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in Kopin Corporation by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 31,733 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 100 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in Kopin Corporation by 4.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 34,160 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,540 shares during the last quarter. Texas Permanent School Fund raised its holdings in Kopin Corporation by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 44,469 shares of the semiconductor company’s stock valued at $165,000 after acquiring an additional 478 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Kopin Corporation in the 1st quarter valued at about $192,000. Finally, State of Tennessee Treasury Department raised its holdings in Kopin Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 57,172 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 8,628 shares during the last quarter. Institutional investors own 47.16% of the company’s stock.

A number of analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Kopin Corporation in a report on Tuesday, August 8th. BidaskClub cut shares of Kopin Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

In other news, CFO Richard Sneider sold 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total value of $260,000.00. Following the completion of the transaction, the chief financial officer now owns 292,138 shares of the company’s stock, valued at $1,168,552. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bor Yeu Tsaur sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total transaction of $200,000.00. Following the completion of the transaction, the insider now directly owns 609,966 shares of the company’s stock, valued at approximately $2,439,864. The disclosure for this sale can be found here. In the last three months, insiders sold 125,495 shares of company stock valued at $507,228. Company insiders own 8.90% of the company’s stock.

Shares of Kopin Corporation (NASDAQ KOPN) opened at 4.12 on Monday. Kopin Corporation has a 1-year low of $1.93 and a 1-year high of $4.60. The stock’s market cap is $297.41 million. The stock has a 50 day moving average of $4.06 and a 200 day moving average of $3.86.

Kopin Corporation (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The firm had revenue of $5.93 million during the quarter. Kopin Corporation had a negative net margin of 125.80% and a negative return on equity of 36.44%. During the same period in the previous year, the company posted ($0.05) earnings per share. Equities research analysts forecast that Kopin Corporation will post ($0.33) EPS for the current year.

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Kopin Corporation Profile

Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.

Institutional Ownership by Quarter for Kopin Corporation (NASDAQ:KOPN)

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