Should You Buy Kopin Corporation (KOPN)?

Page 1 of 2

Is Kopin Corporation (NASDAQ:KOPN) a bargain? Investors who are in the know are taking an optimistic view. The number of long hedge fund positions moved up by 4 in recent months.

To most market participants, hedge funds are perceived as unimportant, outdated investment vehicles of years past. While there are more than 8000 funds in operation at the moment, we at Insider Monkey look at the upper echelon of this club, close to 450 funds. It is estimated that this group oversees the lion’s share of the hedge fund industry’s total capital, and by keeping an eye on their best stock picks, we have spotted a number of investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Equally as key, positive insider trading sentiment is a second way to break down the investments you’re interested in. Obviously, there are many reasons for an executive to downsize shares of his or her company, but just one, very simple reason why they would buy. Plenty of empirical studies have demonstrated the useful potential of this method if investors understand what to do (learn more here).

With all of this in mind, let’s take a glance at the latest action regarding Kopin Corporation (NASDAQ:KOPN).

Hedge fund activity in Kopin Corporation (NASDAQ:KOPN)

Heading into Q2, a total of 9 of the hedge funds we track were bullish in this stock, a change of 80% from the first quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their stakes substantially.

Kopin Corporation (KOPN)When looking at the hedgies we track, Jean-Marie Eveillard’s First Eagle Investment Management had the biggest position in Kopin Corporation (NASDAQ:KOPN), worth close to $21.6 million, comprising 0.1% of its total 13F portfolio. The second largest stake is held by Michael Doheny of Freshford Capital Management, with a $12 million position; 1.7% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include Matthew Drapkin and Steven R. Becker’s Becker Drapkin Management, Jim Simons’s Renaissance Technologies and Richard C. Patton’s Courage Capital.

With a general bullishness amongst the heavyweights, key money managers have been driving this bullishness. Becker Drapkin Management, managed by Matthew Drapkin and Steven R. Becker, established the most valuable position in Kopin Corporation (NASDAQ:KOPN). Becker Drapkin Management had 1.9 million invested in the company at the end of the quarter. Richard C. Patton’s Courage Capital also made a $0.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group and Israel Englander’s Millennium Management.

What do corporate executives and insiders think about Kopin Corporation (NASDAQ:KOPN)?

Insider buying is best served when the company in focus has seen transactions within the past 180 days. Over the latest half-year time period, Kopin Corporation (NASDAQ:KOPN) has seen 1 unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Kopin Corporation (NASDAQ:KOPN). These stocks are Silicon Image, Inc. (NASDAQ:SIMG), Entropic Communications, Inc. (NASDAQ:ENTR), GSI Technology, Inc. (NASDAQ:GSIT), Inphi Corporation (NYSE:IPHI), and FormFactor, Inc. (NASDAQ:FORM). All of these stocks are in the semiconductor – broad line industry and their market caps are similar to KOPN’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!