Kopin (NASDAQ:KOPN) Trading Down 9.8% – Should You Sell?

Shares of Kopin Corporation (NASDAQ:KOPN) fell 9.8% during trading on Tuesday . The company traded as low as $4.55 and last traded at $4.4560. 1,651,407 shares traded hands during trading, a decline of 69% from the average session volume of 5,329,446 shares. The stock had previously closed at $4.94.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KOPN shares. Stifel Nicolaus boosted their price objective on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings cut shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group upped their target price on shares of Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. Craig Hallum restated a “buy” rating and issued a $10.00 price objective on shares of Kopin in a research report on Tuesday, May 12th. Finally, Lake Street Capital lifted their target price on Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Stock Performance

The stock has a market capitalization of $836.68 million, a P/E ratio of 458.96 and a beta of 3.40. The business’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $2.77.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data 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 firm had revenue of $10.55 billion during the quarter, compared to the consensus estimate of $9.96 million. As a group, analysts forecast that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Activity

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the sale, the chief operating officer owned 420,025 shares of the company’s stock, valued at approximately $2,058,122.50. This trade represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of Kopin stock in a transaction on Friday, April 17th. The shares were sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the transaction, the chief executive officer owned 2,771,122 shares in the company, valued at $8,341,077.22. This represents a 3.38% 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 524,760 shares of company stock valued at $1,763,275 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KOPN. State Street Corp lifted its position 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 acquiring an additional 7,687,358 shares during the last quarter. Telemark Asset Management LLC grew its holdings in Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kopin by 106.8% during the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after purchasing an additional 1,806,632 shares in the last quarter. CenterBook Partners LP purchased a new stake in Kopin in the fourth quarter valued at about $2,925,000. Finally, Vanguard Group Inc. boosted its holdings in Kopin by 11.2% in the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock worth $22,784,000 after acquiring an additional 945,662 shares in the last quarter. Institutional investors own 30.96% of the company’s stock.

About Kopin

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.