Kopin Corp. (KOPN) Upgraded to “Hold” by Zacks Investment Research
Kopin Corp. (NASDAQ:KOPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Kopin Corp. is a manufacturer of gallium arsenide transistor products and miniature flat panel displays for wireless communications and portable consumer electronics. The company’s gallium arsenide heterojunction bipolar transistors are used to produce power amplifier circuits for wireless telephone handsets and gigabit circuits for fiber-optic and Internet data transmission. Kopin’s CyberDisplay family of ultra-small, high density imaging devices is designed for portable products including camcorders, digital cameras and wireless handsets. (PRESS RELEASE) “
Separately, Wunderlich cut shares of Kopin Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $3.00 to $2.00 in a research report on Wednesday, August 3rd.
Kopin Corp. (NASDAQ:KOPN) opened at 2.23 on Wednesday. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $2.07. Kopin Corp. has a 12 month low of $1.57 and a 12 month high of $3.18. The firm’s market capitalization is $142.81 million.
Kopin Corp. (NASDAQ:KOPN) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. The company earned $4.40 million during the quarter, compared to analysts’ expectations of $4.70 million. Kopin Corp. had a negative net margin of 93.59% and a negative return on equity of 28.50%. During the same quarter in the previous year, the company posted $0.01 EPS. Equities research analysts expect that Kopin Corp. will post ($0.39) earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its stake in Kopin Corp. by 0.9% in the first quarter. Royce & Associates LP now owns 2,084,926 shares of the company’s stock worth $3,461,000 after buying an additional 18,500 shares in the last quarter. State Street Corp boosted its stake in Kopin Corp. by 1.4% in the first quarter. State Street Corp now owns 1,230,398 shares of the company’s stock worth $2,040,000 after buying an additional 17,174 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kopin Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 395,913 shares of the company’s stock worth $657,000 after buying an additional 15,397 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kopin Corp. by 38.1% in the first quarter. Renaissance Technologies LLC now owns 712,700 shares of the company’s stock worth $1,183,000 after buying an additional 196,779 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Kopin Corp. by 24.4% in the second quarter. Capstone Asset Management Co. now owns 66,730 shares of the company’s stock worth $148,000 after buying an additional 13,110 shares in the last quarter. Institutional investors and hedge funds own 54.09% of the company’s stock.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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