Kopin (NASDAQ:KOPN) Stock Price Up 9.6% – Still a Buy?

Kopin Corporation (NASDAQ:KOPN)’s stock price was up 9.6% during mid-day trading on Tuesday. The company traded as high as $3.70 and last traded at $3.7250. 1,158,462 shares were traded during trading, a decline of 77% from the average session volume of 5,060,827 shares. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

KOPN has been the topic of several research reports. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a research report on Friday, September 25th. Canaccord Genuity Group lifted their price objective on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings lowered shares of Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Finally, Oppenheimer initiated coverage on shares of Kopin in a report on Thursday, September 17th. They set an “outperform” rating and a $7.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kopin currently has an average rating of “Moderate Buy” and an average target price of $7.17.

Kopin Price Performance

The firm has a market capitalization of $724.90 million, a PE ratio of 97.52 and a beta of 3.59. The firm has a fifty day moving average price of $4.38 and a 200 day moving average price of $3.77.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. Kopin had a return on equity of 14.79% and a net margin of 18.26%. The firm had revenue of $12.73 million for the quarter, compared to analysts’ expectations of $11.75 million. During the same quarter last year, the business posted ($0.03) EPS. Kopin’s revenue was up 50.62% on a year-over-year basis. On average, sell-side analysts expect that Kopin Corporation will post -0.02 EPS for the current year.

Institutional Investors Weigh In On Kopin

A number of large investors have recently made changes to their positions in KOPN. BlackRock Inc. acquired a new stake in Kopin during the 2nd quarter worth about $66,205,000. AWM Investment Company Inc. purchased a new stake in Kopin in the 2nd quarter worth approximately $35,948,000. Squarepoint Ops LLC lifted its position in Kopin by 368.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock worth $6,676,000 after buying an additional 1,172,369 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kopin during the 2nd quarter valued at $6,368,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Kopin in the second quarter worth $2,542,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company’s technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.