Principal Financial Group Inc. boosted its stake in Kopin Corporation (NASDAQ:KOPN) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,828 shares of the semiconductor company’s stock after buying an additional 16,235 shares during the period. Principal Financial Group Inc. owned 0.72% of Kopin Corporation worth $1,893,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Kopin Corporation by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the semiconductor company’s stock valued at $7,092,000 after buying an additional 85,876 shares during the period. State Street Corp raised its position in shares of Kopin Corporation by 3.3% in the fourth quarter. State Street Corp now owns 1,269,395 shares of the semiconductor company’s stock valued at $3,604,000 after buying an additional 40,253 shares during the period. Ameriprise Financial Inc. raised its position in shares of Kopin Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 316,969 shares of the semiconductor company’s stock valued at $1,300,000 after buying an additional 14,250 shares during the period. Cowen Prime Services LLC raised its position in shares of Kopin Corporation by 5.9% in the first quarter. Cowen Prime Services LLC now owns 161,919 shares of the semiconductor company’s stock valued at $664,000 after buying an additional 9,000 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Kopin Corporation by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 705,422 shares of the semiconductor company’s stock valued at $2,892,000 after buying an additional 8,657 shares during the period. 47.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kopin Corporation (KOPN) traded down 0.55% during mid-day trading on Wednesday, hitting $3.59. The stock had a trading volume of 13,427 shares. The company’s market cap is $231.69 million. The firm’s 50 day moving average price is $3.79 and its 200-day moving average price is $3.70. Kopin Corporation has a one year low of $1.93 and a one year high of $4.49.
Kopin Corporation (NASDAQ:KOPN) last released its earnings results on Tuesday, May 9th. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $4.38 million for the quarter, compared to analyst estimates of $4.80 million. Kopin Corporation had a negative return on equity of 37.39% and a negative net margin of 115.16%. During the same period in the prior year, the firm earned ($0.11) EPS. On average, equities research analysts anticipate that Kopin Corporation will post ($0.35) earnings per share for the current fiscal year.
Separately, BidaskClub raised Kopin Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
Kopin Corporation Company 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.
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