McAdam LLC Sells 38,612 Shares of Kopin Co. (NASDAQ:KOPN)

McAdam LLC cut its stake in shares of Kopin Co. (NASDAQ:KOPN) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,212 shares of the company’s stock after selling 38,612 shares during the period. McAdam LLC owned 0.11% of Kopin worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. O Connor Financial Group LLC acquired a new stake in shares of Kopin in the 4th quarter worth $28,000. FMR LLC raised its stake in shares of Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after buying an additional 57,604 shares during the last quarter. Affinity Capital Advisors LLC purchased a new position in shares of Kopin during the 3rd quarter valued at about $54,000. Penbrook Management LLC purchased a new position in shares of Kopin during the 4th quarter valued at about $66,000. Finally, AMG National Trust Bank increased its stake in shares of Kopin by 19.0% in the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock valued at $91,000 after purchasing an additional 20,000 shares in the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Stock Down 4.6 %

NASDAQ KOPN opened at $1.66 on Tuesday. The stock has a market capitalization of $263.61 million, a P/E ratio of -4.05 and a beta of 2.73. Kopin Co. has a 52-week low of $0.56 and a 52-week high of $2.82. The firm has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.02.

Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period last year, the company posted ($0.02) earnings per share. On average, equities research analysts expect that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KOPN. Canaccord Genuity Group lifted their price objective on Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Wednesday, January 29th. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Kopin in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin 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.