Kopin Corporation (NASDAQ:KOPN) CFO Richard Sneider sold 65,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $4.00, for a total value of $260,000.00. Following the sale, the chief financial officer now owns 292,138 shares of the company’s stock, valued at $1,168,552. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Kopin Corporation (NASDAQ KOPN) opened at 3.59 on Friday. The stock’s 50 day moving average is $3.78 and its 200 day moving average is $3.70. Kopin Corporation has a 12 month low of $1.93 and a 12 month high of $4.49. The company’s market cap is $253.55 million.
Kopin Corporation (NASDAQ:KOPN) last issued its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter. During the same period in the previous year, the firm earned ($0.05) earnings per share. Equities analysts predict that Kopin Corporation will post ($0.35) earnings per share for the current year.
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A number of large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Kopin Corporation by 1.3% in the first quarter. Prudential Financial Inc. now owns 102,072 shares of the semiconductor company’s stock valued at $418,000 after buying an additional 1,270 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Kopin Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 461,828 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 16,235 shares during 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 valued at $7,092,000 after buying an additional 85,876 shares during the last quarter. Comerica Bank increased its stake in shares of Kopin Corporation by 4.2% in the first quarter. Comerica Bank now owns 67,291 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 2,691 shares during 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 valued at $2,892,000 after buying an additional 8,657 shares during the last quarter. 47.90% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on KOPN shares. BidaskClub upgraded Kopin Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Needham & Company LLC restated a “hold” rating on shares of Kopin Corporation in a research note on Tuesday.
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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