Kopin Corp. (KOPN) Rating Increased to Buy at Zacks Investment Research
Kopin Corp. (NASDAQ:KOPN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $2.75 price target on the stock. Zacks Investment Research’s price objective points to a potential upside of 10.89% from the stock’s previous close.
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 Kopin Corp. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $3.00 to $2.00 in a research note on Wednesday, August 3rd.
Shares of Kopin Corp. (NASDAQ:KOPN) opened at 2.48 on Tuesday. Kopin Corp. has a 52 week low of $1.57 and a 52 week high of $3.18. The stock’s market capitalization is $158.84 million. The stock’s 50 day moving average is $2.15 and its 200 day moving average is $2.15.
Kopin Corp. (NASDAQ:KOPN) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.02. Kopin Corp. had a negative return on equity of 33.91% and a negative net margin of 118.92%. The business had revenue of $5.80 million for the quarter, compared to analysts’ expectations of $4.58 million. Analysts anticipate that Kopin Corp. will post ($0.40) EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the company. Penbrook Management LLC bought a new position in Kopin Corp. during the second quarter worth $971,000. BlackRock Fund Advisors raised its position in Kopin Corp. by 5.5% in the third quarter. BlackRock Fund Advisors now owns 4,281,590 shares of the company’s stock worth $9,334,000 after buying an additional 223,362 shares during the last quarter. Marathon Capital Management raised its position in Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock worth $2,558,000 after buying an additional 119,876 shares during the last quarter. First Eagle Investment Management LLC raised its position in Kopin Corp. by 0.9% in the third quarter. First Eagle Investment Management LLC now owns 5,652,949 shares of the company’s stock worth $12,323,000 after buying an additional 50,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Kopin Corp. during the third quarter worth $102,000. 56.11% of the stock is owned by institutional investors.
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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