Kopin Corporation (KOPN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Kopin Corporation (NASDAQ:KOPN) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,448,570 shares of the semiconductor company’s stock after selling 48,400 shares during the period. Dimensional Fund Advisors LP owned about 3.79% of Kopin Corporation worth $10,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KOPN. Louisiana State Employees Retirement System raised its stake in shares of Kopin Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 400 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Kopin Corporation by 1.3% in the first quarter. Arizona State Retirement System now owns 31,633 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 400 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Kopin Corporation by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 34,160 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,540 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Kopin Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 57,172 shares of the semiconductor company’s stock valued at $234,000 after buying an additional 8,628 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Kopin Corporation by 4.2% in the first quarter. Comerica Bank now owns 67,291 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 2,691 shares in the last quarter. 47.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Kopin Corporation (NASDAQ:KOPN) traded up 0.81% during mid-day trading on Friday, reaching $3.75. The company had a trading volume of 285,219 shares. The company’s market capitalization is $270.70 million. Kopin Corporation has a 52-week low of $1.93 and a 52-week high of $4.49. The company’s 50-day moving average price is $3.81 and its 200-day moving average price is $3.72.

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

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Several brokerages recently weighed in on KOPN. BidaskClub lowered Kopin Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Needham & Company LLC reissued a “hold” rating on shares of Kopin Corporation in a report on Tuesday, August 8th.

In related news, CFO Richard Sneider sold 65,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 292,138 shares in the company, valued at $1,168,552. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bor Yeu Tsaur sold 50,000 shares of the stock in a transaction dated 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 sale, the insider now owns 609,966 shares of the company’s stock, valued at approximately $2,439,864. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by company insiders.

About Kopin Corporation

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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