Kopin Corporation (KOPN) Rating Lowered to Hold at BidaskClub
BidaskClub cut shares of Kopin Corporation (NASDAQ:KOPN) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
Separately, Zacks Investment Research downgraded shares of Kopin Corporation from a hold rating to a sell rating in a report on Thursday, March 30th.
Shares of Kopin Corporation (NASDAQ KOPN) remained flat at $3.80 during midday trading on Thursday. 174,179 shares of the company traded hands. The stock’s market cap is $245.24 million. Kopin Corporation has a 52 week low of $1.93 and a 52 week high of $4.49. The firm’s 50 day moving average price is $3.79 and its 200 day moving average price is $3.69.
Kopin Corporation (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.01. Kopin Corporation had a negative return on equity of 37.39% and a negative net margin of 115.16%. The firm had revenue of $4.38 million during the quarter, compared to analysts’ expectations of $4.80 million. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, equities research analysts anticipate that Kopin Corporation will post ($0.35) earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of Kopin Corporation by 4.3% in the fourth quarter. Comerica Bank now owns 64,600 shares of the semiconductor company’s stock worth $228,000 after buying an additional 2,645 shares in the last quarter. State Street Corp increased its stake in shares of Kopin Corporation by 3.3% in the fourth quarter. State Street Corp now owns 1,269,395 shares of the semiconductor company’s stock worth $3,604,000 after buying an additional 40,253 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kopin Corporation by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the semiconductor company’s stock worth $7,092,000 after buying an additional 85,876 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of 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 worth $102,000 after buying an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Kopin Corporation by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 705,422 shares of the semiconductor company’s stock worth $2,892,000 after buying an additional 8,657 shares in the last quarter. 47.89% of the stock is currently owned by institutional investors and hedge funds.
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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