Kopin Corporation (NASDAQ:KOPN) CFO Sells $260,000.00 in Stock
Kopin Corporation (NASDAQ:KOPN) CFO Richard Sneider sold 65,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total transaction of $260,000.00. Following the sale, the chief financial officer now directly owns 292,138 shares of the company’s stock, valued at $1,168,552. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Kopin Corporation (KOPN) traded down 4.56% during mid-day trading on Thursday, reaching $3.77. 441,989 shares of the company were exchanged. The stock’s 50-day moving average price is $3.78 and its 200-day moving average price is $3.70. Kopin Corporation has a 1-year low of $1.93 and a 1-year high of $4.49. The stock’s market capitalization is $266.26 million.
Kopin Corporation (NASDAQ:KOPN) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.02. The business had revenue of $5.93 million for the quarter. Kopin Corporation had a negative return on equity of 36.44% and a negative net margin of 125.80%. During the same period last year, the firm posted ($0.05) EPS. On average, equities research analysts anticipate that Kopin Corporation will post ($0.35) EPS for the current fiscal year.
A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Kopin Corporation in a research note on Tuesday. BidaskClub raised shares of Kopin Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in Kopin Corporation by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 317,919 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 950 shares during the period. Teachers Advisors LLC raised its position in Kopin Corporation by 2.6% in the second quarter. Teachers Advisors LLC now owns 103,513 shares of the semiconductor company’s stock valued at $384,000 after buying an additional 2,639 shares during the period. Alliancebernstein L.P. raised its position in Kopin Corporation by 130.5% in the second quarter. Alliancebernstein L.P. now owns 67,650 shares of the semiconductor company’s stock valued at $251,000 after buying an additional 38,300 shares during the period. AMG National Trust Bank raised its position in Kopin Corporation by 9.1% in the second quarter. AMG National Trust Bank now owns 120,000 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 10,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in Kopin Corporation by 0.3% in the second quarter. Principal Financial Group Inc. now owns 463,274 shares of the semiconductor company’s stock valued at $1,719,000 after buying an additional 1,446 shares during the period. 47.90% of the stock is currently owned by institutional investors.
Kopin Corporation Company Profile
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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