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.
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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.
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.