Squarepoint Ops LLC Grows Holdings in Kopin Corporation $KOPN

Squarepoint Ops LLC boosted its position in shares of Kopin Corporation (NASDAQ:KOPN) by 368.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,490,289 shares of the company’s stock after acquiring an additional 1,172,369 shares during the period. Squarepoint Ops LLC owned 0.80% of Kopin worth $6,676,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KOPN. Principal Financial Group Inc. raised its holdings in Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after acquiring an additional 3,243 shares during the period. Allworth Financial LP boosted its stake in shares of Kopin by 82.2% in the second quarter. Allworth Financial LP now owns 9,047 shares of the company’s stock worth $41,000 after acquiring an additional 4,081 shares during the period. Deutsche Bank AG grew its position in shares of Kopin by 4.0% during the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock worth $363,000 after purchasing an additional 5,902 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Kopin during the second quarter worth about $33,000. Finally, Sequoia Financial Advisors LLC raised its stake in Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after purchasing an additional 7,971 shares during the period. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

NASDAQ KOPN opened at $4.39 on Friday. The company has a market capitalization of $815.97 million, a P/E ratio of 109.78 and a beta of 3.57. Kopin Corporation has a one year low of $1.81 and a one year high of $6.61. The stock has a 50 day moving average price of $4.24 and a 200-day moving average price of $3.89.

Analysts Set New Price Targets

A number of research firms recently commented on KOPN. Canaccord Genuity Group boosted their price target on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Zacks Research cut shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and an average target price of $7.20.

Kopin Company 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.