Kopin Target of Unusually Large Options Trading (NASDAQ:KOPN)

Kopin Corporation (NASDAQ:KOPN) was the recipient of unusually large options trading on Monday. Investors acquired 16,583 call options on the company. This represents an increase of approximately 102% compared to the average volume of 8,196 call options.

Analysts Set New Price Targets

A number of research analysts have issued reports on KOPN shares. JonesTrading initiated coverage on Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 price objective for the company. Zacks Research downgraded shares of Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group raised their price objective on shares of Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Insider Buying and Selling

In related news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Kopin 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 sale, the chief operating officer owned 480,005 shares in the company, valued at $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. 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. Insiders sold a total of 273,640 shares of company stock worth $1,046,867 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Kopin

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in Kopin by 224.0% during the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after buying an additional 7,687,358 shares during the period. Telemark Asset Management LLC grew its position in Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after acquiring an additional 1,806,632 shares during the last quarter. CenterBook Partners LP bought a new position in Kopin in the 4th quarter worth about $2,925,000. Finally, Vanguard Group Inc. raised its holdings in shares of Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after acquiring an additional 945,662 shares in the last quarter. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Stock Up 3.6%

KOPN stock opened at $3.76 on Wednesday. The stock has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $3.38. Kopin has a twelve month low of $1.62 and a twelve month high of $6.61. The firm has a market capitalization of $687.78 million, a PE ratio of 376.38 and a beta of 3.47.

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

Kopin Company 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.