1,421,529 Shares in Kopin Corporation $KOPN Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kopin Corporation (NASDAQ:KOPN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,421,529 shares of the company’s stock, valued at approximately $6,368,000.

Several other institutional investors have also recently added to or reduced their stakes in KOPN. Principal Financial Group Inc. raised its holdings in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after purchasing an additional 3,243 shares during the period. Focused Wealth Management Inc lifted its position in shares of Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock worth $497,000 after buying an additional 5,000 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Kopin by 4.0% in the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after buying an additional 5,902 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Kopin by 13.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after buying an additional 7,971 shares during the period. Finally, First Bank & Trust grew its position in shares of Kopin by 79.1% during the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after buying an additional 8,176 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Analysts Set New Price Targets

KOPN has been the topic of several research reports. JonesTrading started coverage on shares of Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 price objective on the stock. Stifel Nicolaus lifted their target price on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Kopin in a report on Tuesday, May 12th. Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Canaccord Genuity Group raised their price target on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.20.

Kopin Stock Performance

Kopin stock opened at $5.04 on Friday. Kopin Corporation has a one year low of $1.75 and a one year high of $6.61. The company has a 50-day simple moving average of $4.22 and a 200-day simple moving average of $3.67. The firm has a market capitalization of $936.78 million, a P/E ratio of 126.03 and a beta of 3.51.

About Kopin

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.