Kopin Corporation (KOPN) Cut to Sell at BidaskClub

Kopin Corporation (NASDAQ:KOPN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Kopin Corporation in a research note on Tuesday, August 8th.

Kopin Corporation (NASDAQ KOPN) opened at 3.95 on Monday. The company has a 50-day moving average price of $3.80 and a 200-day moving average price of $3.71. Kopin Corporation has a 52 week low of $1.93 and a 52 week high of $4.49. The stock’s market cap is $278.97 million.

Kopin Corporation (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.02. Kopin Corporation had a negative net margin of 125.80% and a negative return on equity of 36.44%. The firm had revenue of $5.93 million for the quarter. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Analysts anticipate that Kopin Corporation will post ($0.33) earnings per share for the current year.

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In other Kopin Corporation news, CFO Richard Sneider sold 65,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $4.00, for a total value of $260,000.00. Following the transaction, the chief financial officer now owns 292,138 shares of the company’s stock, valued at $1,168,552. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bor Yeu Tsaur sold 50,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total value of $200,000.00. Following the completion of the transaction, the insider now directly owns 609,966 shares in the company, valued at approximately $2,439,864. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KOPN. Louisiana State Employees Retirement System raised its position in Kopin Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System raised its position in Kopin Corporation by 0.3% in the second quarter. Arizona State Retirement System now owns 31,733 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 100 shares during the last quarter. Thrivent Financial For Lutherans raised its position in Kopin Corporation by 7.8% in the second quarter. Thrivent Financial For Lutherans now owns 36,810 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 2,650 shares during the last quarter. Voya Investment Management LLC raised its position in Kopin Corporation by 16.9% in the second quarter. Voya Investment Management LLC now owns 40,410 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 5,856 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in Kopin Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 44,469 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 478 shares during the last quarter. 47.30% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin Corporation

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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