CM Wealth Advisors LLC Buys New Stake in Kopin Corporation $KOPN

CM Wealth Advisors LLC acquired a new position in Kopin Corporation (NASDAQ:KOPN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 161,137 shares of the company’s stock, valued at approximately $722,000. CM Wealth Advisors LLC owned approximately 0.09% of Kopin at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KOPN. Geode Capital Management LLC raised its holdings in Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after purchasing an additional 1,806,632 shares during the period. JPMorgan Chase & Co. grew its holdings in Kopin by 113,958.1% in the second quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after purchasing an additional 70,654 shares during the period. Legal & General Group Plc acquired a new stake in Kopin in the second quarter valued at approximately $25,000. Rhumbline Advisers purchased a new stake in shares of Kopin in the second quarter valued at approximately $259,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Kopin in the second quarter valued at approximately $25,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research downgraded shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group increased their price target on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Lake Street Capital lifted their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective on shares of Kopin in a report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kopin currently has an average rating of “Moderate Buy” and a consensus target price of $7.20.

Kopin Stock Down 2.2%

Kopin stock opened at $4.93 on Thursday. The firm has a market cap of $916.35 million, a PE ratio of 123.28 and a beta of 3.51. Kopin Corporation has a 52-week low of $1.68 and a 52-week high of $6.61. The company’s 50 day moving average is $4.23 and its two-hundred day moving average is $3.64.

Kopin Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.