Kopin (NASDAQ:KOPN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kopin (NASDAQ:KOPN – Free Report) from a sell rating to a hold rating in a report released on Saturday.

Several other research firms have also recently weighed in on KOPN. Lake Street Capital upped their price target on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. JonesTrading initiated coverage on Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 price objective for the company. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group raised their price target on Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.20.

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Kopin Trading Down 3.3%

Kopin stock opened at $5.32 on Friday. The firm’s 50 day simple moving average is $4.22 and its 200 day simple moving average is $3.61. The firm has a market capitalization of $988.83 million, a PE ratio of 133.03 and a beta of 3.51. Kopin has a 1-year low of $1.68 and a 1-year high of $6.61.

Hedge Funds Weigh In On Kopin

A number of large investors have recently bought and sold shares of the stock. UBS Group AG boosted its position in Kopin by 40.3% during the 4th quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after buying an additional 390,404 shares during the period. DNB Asset Management AS increased its position in shares of Kopin by 123.2% in the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock valued at $3,029,000 after acquiring an additional 714,423 shares during the period. Telemark Asset Management LLC increased its position in shares of Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after acquiring an additional 2,000,000 shares during the period. AMG National Trust Bank bought a new position in shares of Kopin during the second quarter valued at about $650,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Kopin during the first quarter worth about $424,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

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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.

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