Calamos Advisors LLC cut its position in Kopin Corporation (NASDAQ:KOPN – Free Report) by 83.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,932 shares of the company’s stock after selling 215,864 shares during the quarter. Calamos Advisors LLC’s holdings in Kopin were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Choreo LLC purchased a new position in Kopin in the 3rd quarter worth approximately $46,000. Sigma Planning Corp boosted its holdings in shares of Kopin by 21.1% in the 3rd quarter. Sigma Planning Corp now owns 47,075 shares of the company’s stock worth $217,000 after purchasing an additional 8,200 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Kopin in the 3rd quarter worth about $77,000. SBI Securities Co. Ltd. boosted its holdings in shares of Kopin by 24.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 66,783 shares of the company’s stock worth $307,000 after purchasing an additional 13,008 shares in the last quarter. Finally, Altium Investment Strategies LLC bought a new position in shares of Kopin during the 3rd quarter valued at about $42,000. Institutional investors own 30.96% of the company’s stock.
Analyst Upgrades and Downgrades
KOPN has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Canaccord Genuity Group raised their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Weiss Ratings cut shares of Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Oppenheimer began coverage on shares of Kopin in a research report on Thursday, September 17th. They set an “outperform” rating and a $7.00 price target for the company. Finally, Stifel Nicolaus set a $6.50 target price on shares of Kopin in a report on Friday, September 25th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kopin presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.17.
View Our Latest Analysis on KOPN
Kopin Trading Down 1.8%
Shares of KOPN stock opened at $3.32 on Wednesday. The stock’s 50-day moving average price is $4.13 and its 200-day moving average price is $3.78. Kopin Corporation has a 12-month low of $1.81 and a 12-month high of $6.61. The stock has a market capitalization of $617.09 million, a price-to-earnings ratio of 84.50 and a beta of 3.72.
Kopin (NASDAQ:KOPN – Get Free Report) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a net margin of 18.26% and a return on equity of 14.79%. The business had revenue of $18.19 million for the quarter, compared to the consensus estimate of $15.96 million. During the same quarter last year, the business earned $0.02 EPS. As a group, research analysts predict that Kopin Corporation will post -0.02 EPS for the current fiscal year.
Kopin Company Profile
Kopin Corporation develops and supplies microdisplays, optical components and wearable display systems. Its technologies include active-matrix liquid-crystal, liquid-crystal-on-silicon and OLED displays, along with related optics and electronics used to create compact, high-resolution viewing systems. The company’s products serve defense, enterprise, medical and other markets. Applications include helmet-mounted displays, night-vision and thermal-imaging systems, industrial and training equipment, and medical devices.
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