Murphy Pohlad Asset Management LLC Has $99,000 Holdings in Kopin Co. (NASDAQ:KOPN)

Murphy Pohlad Asset Management LLC lifted its holdings in Kopin Co. (NASDAQ:KOPN) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,600 shares of the company’s stock after purchasing an additional 28,000 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Kopin were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KOPN. EntryPoint Capital LLC acquired a new stake in shares of Kopin in the 1st quarter valued at $26,000. Staley Capital Advisers Inc. bought a new stake in Kopin during the first quarter valued at about $32,000. XTX Topco Ltd bought a new stake in Kopin during the second quarter valued at about $32,000. EverSource Wealth Advisors LLC bought a new stake in Kopin during the first quarter valued at about $37,000. Finally, JT Stratford LLC bought a new stake in Kopin during the first quarter valued at about $37,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Stock Performance

NASDAQ KOPN opened at $0.79 on Friday. The firm has a 50-day simple moving average of $0.80 and a 200 day simple moving average of $0.86. Kopin Co. has a twelve month low of $0.56 and a twelve month high of $2.82. The stock has a market cap of $95.71 million, a PE ratio of -1.98 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last released its earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. The company had revenue of $12.34 million during the quarter, compared to the consensus estimate of $9.32 million. During the same quarter in the previous year, the business posted ($0.07) EPS. Research analysts forecast that Kopin Co. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KOPN. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Kopin in a report on Monday, October 21st. Stifel Nicolaus decreased their price target on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd.

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.