Focused Wealth Management Inc Makes New $1.03 Million Investment in Kopin Corporation $KOPN

Focused Wealth Management Inc acquired a new stake in Kopin Corporation (NASDAQ:KOPN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 229,065 shares of the company’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also recently modified their holdings of the stock. UBS Group AG increased its position in shares of Kopin by 40.3% in the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock worth $3,181,000 after purchasing an additional 390,404 shares during the period. DNB Asset Management AS lifted its position in Kopin by 123.2% during the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after purchasing an additional 714,423 shares during the period. Telemark Asset Management LLC lifted its position in Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,000,000 shares during the period. AMG National Trust Bank acquired a new stake in Kopin during the second quarter worth about $650,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Kopin during the first quarter worth about $424,000. 30.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on KOPN shares. Canaccord Genuity Group raised their target price on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a report on Friday. Craig Hallum reiterated a “buy” rating and set a $10.00 price target on shares of Kopin in a research report on Tuesday, May 12th. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Lake Street Capital boosted their price objective on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.20.

Kopin Trading Down 3.3%

KOPN opened at $5.32 on Tuesday. The company has a market cap of $988.83 million, a P/E ratio of 133.03 and a beta of 3.51. The company’s 50 day moving average is $4.22 and its 200-day moving average is $3.61. Kopin Corporation has a 1-year low of $1.68 and a 1-year high of $6.61.

Kopin Company Profile

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.