First Eagle Investment Management LLC cut its stake in shares of Kopin Corporation (NASDAQ:KOPN) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,795,729 shares of the semiconductor company’s stock after selling 433,111 shares during the period. First Eagle Investment Management LLC owned approximately 7.43% of Kopin Corporation worth $17,792,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in 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 during the last quarter. Arizona State Retirement System raised its position in 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 during the last quarter. Thrivent Financial For Lutherans raised its position in 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 during the last quarter. Texas Permanent School Fund raised its position in Kopin Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 44,469 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 478 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in Kopin Corporation during the first quarter valued at $192,000. 47.30% of the stock is currently owned by hedge funds and other institutional investors.
Kopin Corporation (KOPN) opened at 3.75 on Monday. The firm has a 50-day moving average price of $3.81 and a 200 day moving average price of $3.72. The firm’s market cap is $270.70 million. Kopin Corporation has a 1-year low of $1.93 and a 1-year high of $4.49.
Kopin Corporation (NASDAQ:KOPN) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) EPS for the quarter, missing the 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 business had revenue of $5.93 million for the quarter. During the same quarter last year, the firm posted ($0.05) EPS. Equities analysts predict that Kopin Corporation will post ($0.33) earnings per share for the current year.
Several equities analysts have weighed in on the company. BidaskClub lowered Kopin Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Needham & Company LLC reissued a “hold” rating on shares of Kopin Corporation in a research note on Tuesday, August 8th.
In related news, CFO Richard Sneider sold 65,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $4.00, for a total transaction of $260,000.00. Following the sale, the chief financial officer now owns 292,138 shares in the company, valued at approximately $1,168,552. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bor Yeu Tsaur sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total value of $200,000.00. Following the sale, the insider now owns 609,966 shares in the company, valued at approximately $2,439,864. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.
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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