Kopin Corporation $KOPN Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC reduced its position in shares of Kopin Corporation (NASDAQ:KOPN) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,757 shares of the company’s stock after selling 117,729 shares during the period. WealthTrust Axiom LLC owned about 0.15% of Kopin worth $662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after buying an additional 1,806,632 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Kopin by 113,958.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock worth $108,000 after buying an additional 70,654 shares during the last quarter. Legal & General Group Plc bought a new position in Kopin during the 2nd quarter worth $25,000. Rhumbline Advisers bought a new position in Kopin during the 2nd quarter worth $259,000. Finally, Prudential Financial Inc. bought a new position in Kopin during the 2nd quarter worth $25,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Kopin Stock Performance

NASDAQ:KOPN opened at $4.94 on Monday. Kopin Corporation has a 1 year low of $1.44 and a 1 year high of $6.61. The stock has a market cap of $903.62 million, a price-to-earnings ratio of 494.49 and a beta of 3.43. The business has a fifty day moving average of $4.36 and a 200-day moving average of $3.12.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The business had revenue of $10.55 million during the quarter, compared to the consensus estimate of $9.96 million. On average, equities research analysts predict that Kopin Corporation will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Craig Hallum restated a “buy” rating and set a $10.00 price objective on shares of Kopin in a research note on Tuesday, May 12th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Stifel Nicolaus upped their price objective on Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Lake Street Capital upped their price objective on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Insider Buying and Selling at Kopin

In other news, CEO Michael Andrew Murray sold 187,920 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total value of $526,176.00. Following the completion of the transaction, the chief executive officer owned 2,931,122 shares of the company’s stock, valued at approximately $8,207,141.60. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. The trade was a 19.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 524,760 shares of company stock valued at $1,763,275. Company insiders own 2.80% of the company’s stock.

Kopin Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.