TIAA CREF Investment Management LLC reduced its stake in shares of Kopin Corporation (NASDAQ:KOPN) by 16.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 181,898 shares of the company’s stock after selling 34,940 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Kopin Corporation worth $675,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in Kopin Corporation by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,733 shares of the company’s stock worth $118,000 after purchasing an additional 100 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Kopin Corporation by 4.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 34,160 shares of the company’s stock worth $140,000 after purchasing an additional 1,540 shares in the last quarter. Texas Permanent School Fund increased its holdings in Kopin Corporation by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 44,469 shares of the company’s stock worth $165,000 after purchasing an additional 478 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Kopin Corporation during the 1st quarter worth approximately $192,000. Finally, Alliancebernstein L.P. increased its holdings in Kopin Corporation by 130.5% during the 2nd quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock worth $251,000 after purchasing an additional 38,300 shares in the last quarter. 44.83% of the stock is owned by hedge funds and other institutional investors.
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In other news, insider Hong K. Choi sold 10,495 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was 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 directly owns 336,442 shares of the company’s stock, valued at $1,513,989. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.
Shares of Kopin Corporation (KOPN) opened at $3.28 on Wednesday. Kopin Corporation has a twelve month low of $2.35 and a twelve month high of $4.60.
Kopin Corporation (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $6.14 million for the quarter. Kopin Corporation had a negative return on equity of 37.28% and a negative net margin of 125.76%. During the same period in the prior year, the company earned ($0.12) earnings per share.
A number of brokerages have commented on KOPN. Needham & Company LLC reissued a “hold” rating on shares of Kopin Corporation in a report on Thursday, November 9th. BidaskClub lowered Kopin Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th.
Kopin Corporation 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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