State Street Corp boosted its stake in Kopin Corporation (NASDAQ:KOPN) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,446,122 shares of the company’s stock after purchasing an additional 94,289 shares during the period. State Street Corp owned about 1.92% of Kopin worth $5,365,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in Kopin by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 31,733 shares of the company’s stock valued at $118,000 after purchasing an additional 100 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Kopin by 7.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 36,810 shares of the company’s stock valued at $137,000 after purchasing an additional 2,650 shares during the last quarter. Voya Investment Management LLC increased its holdings in Kopin by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 40,410 shares of the company’s stock valued at $150,000 after purchasing an additional 5,856 shares during the last quarter. Texas Permanent School Fund increased its holdings in Kopin by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 44,469 shares of the company’s stock valued at $165,000 after purchasing an additional 478 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Kopin in the 1st quarter valued at approximately $192,000. Hedge funds and other institutional investors own 45.12% of the company’s stock.
KOPN has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of Kopin in a report on Tuesday, August 8th. BidaskClub downgraded shares of Kopin from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
Shares of Kopin Corporation (KOPN) opened at $3.11 on Tuesday. Kopin Corporation has a 1-year low of $2.47 and a 1-year high of $4.60.
Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). The business had revenue of $6.14 million during the quarter. Kopin had a negative return on equity of 37.28% and a negative net margin of 125.76%. During the same period last year, the business posted ($0.12) EPS.
In other Kopin news, insider Hong K. Choi sold 10,495 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $4.50, for a total value of $47,227.50. Following the completion of the transaction, the insider now owns 336,442 shares in the company, valued at $1,513,989. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.
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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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