Kopin Corporation’s (KOPN) “Hold” Rating Reaffirmed at Needham & Company LLC
Separately, BidaskClub lowered Kopin Corporation from a buy rating to a hold rating in a report on Thursday, July 27th.
Kopin Corporation (NASDAQ KOPN) traded up $0.13 on Thursday, reaching $3.36. The company had a trading volume of 406,940 shares, compared to its average volume of 458,701. Kopin Corporation has a 12-month low of $2.07 and a 12-month high of $4.60.
Kopin Corporation (NASDAQ:KOPN) last posted its earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). Kopin Corporation had a negative return on equity of 37.28% and a negative net margin of 125.76%. The company had revenue of $6.14 million during the quarter. During the same period in the prior year, the business posted ($0.12) EPS.
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In other news, insider Hong K. Choi sold 10,495 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $4.50, for a total transaction of $47,227.50. Following the completion of the transaction, the insider now directly owns 336,442 shares in the company, valued at $1,513,989. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Kopin Corporation during the third quarter worth approximately $117,000. Arizona State Retirement System lifted its holdings in shares of Kopin Corporation by 0.3% during the second quarter. Arizona State Retirement System now owns 31,733 shares of the company’s stock worth $118,000 after buying an additional 100 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Kopin Corporation by 7.8% during the second quarter. Thrivent Financial For Lutherans now owns 36,810 shares of the company’s stock worth $137,000 after buying an additional 2,650 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Kopin Corporation by 16.9% during the second quarter. Voya Investment Management LLC now owns 40,410 shares of the company’s stock worth $150,000 after buying an additional 5,856 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of Kopin Corporation by 1.1% during the second quarter. Texas Permanent School Fund now owns 44,469 shares of the company’s stock worth $165,000 after buying an additional 478 shares during the last quarter. Institutional investors own 47.33% of the company’s stock.
Kopin Corporation Company Profile
Kopin Corporation is a developer, manufacturer and seller of Wearable technologies, which include components and systems. The Company’s segments are Forth Dimension Displays Ltd. (FDD), the manufacturer of its reflective display products for test and simulation products, and Kopin, which consists of Kopin Corporation, Kowon, Kopin Software Ltd.
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