ProShare Advisors LLC Purchases New Shares in Kopin Corporation $KOPN

ProShare Advisors LLC bought a new position in shares of Kopin Corporation (NASDAQ:KOPN - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 176,933 shares of the company's stock, valued at approximately $271,000. ProShare Advisors LLC owned approximately 0.11% of Kopin at the end of the most recent quarter.

• Kopin Corp is the Technology Seen Behind Smart AR Glasses

Several other hedge funds have also added to or reduced their stakes in the company. Telemark Asset Management LLC acquired a new position in Kopin during the 1st quarter valued at about $2,797,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Kopin in the 2nd quarter valued at approximately $1,834,000. Silverberg Bernstein Capital Management LLC raised its holdings in Kopin by 43.7% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company's stock worth $1,621,000 after buying an additional 322,205 shares during the period. Royce & Associates LP lifted its stake in Kopin by 3.3% in the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company's stock valued at $7,441,000 after buying an additional 255,450 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Kopin in the first quarter valued at approximately $201,000. Institutional investors own 30.96% of the company's stock.

Kopin Stock Up 3.2%

NASDAQ:KOPN opened at $2.28 on Friday. The stock's 50 day moving average price is $3.00 and its two-hundred day moving average price is $2.19. Kopin Corporation has a twelve month low of $0.71 and a twelve month high of $4.16. The firm has a market capitalization of $416.13 million, a price-to-earnings ratio of -25.33 and a beta of 2.98.

• Beyond the Vision Pro: 3 Augmented Reality Small Caps to Watch

Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $11.96 million for the quarter, compared to analyst estimates of $13.89 million. Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%. As a group, analysts anticipate that Kopin Corporation will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

KOPN has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Kopin from a "sell" rating to a "hold" rating in a report on Saturday, November 15th. Stifel Nicolaus initiated coverage on Kopin in a research note on Friday, October 17th. They issued a "buy" rating and a $5.50 price target on the stock. Craig Hallum started coverage on Kopin in a research report on Wednesday, October 22nd. They set a "buy" rating and a $6.00 price objective for the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group upped their price target on Kopin from $3.00 to $3.25 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Kopin has a consensus rating of "Moderate Buy" and a consensus target price of $4.69.

• Kopin Stock is a Transformative AR/VR Component Play

Get Our Latest Stock Report on KOPN

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.

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