Texas Capital Bank Wealth Management Services Inc Purchases New Position in Kopin Co. (NASDAQ:KOPN)

Texas Capital Bank Wealth Management Services Inc acquired a new stake in Kopin Co. (NASDAQ:KOPN) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 40,300 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KOPN. Staley Capital Advisers Inc. purchased a new stake in Kopin in the 1st quarter valued at about $32,000. Sound View Wealth Advisors Group LLC purchased a new stake in Kopin in the 4th quarter valued at about $32,000. Atria Wealth Solutions Inc. purchased a new stake in Kopin in the 4th quarter valued at about $35,000. O Connor Financial Group LLC purchased a new stake in Kopin in the 1st quarter valued at about $36,000. Finally, Northside Capital Management LLC purchased a new stake in Kopin in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on KOPN. StockNews.com upgraded shares of Kopin to a “sell” rating in a research note on Monday, May 20th. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday, May 15th. Finally, Lake Street Capital initiated coverage on shares of Kopin in a research note on Tuesday, June 18th. They set a “buy” rating and a $2.50 price target for the company.

Kopin Trading Down 1.4 %

Shares of KOPN stock traded down $0.02 during trading hours on Tuesday, hitting $1.08. 980,615 shares of the company were exchanged, compared to its average volume of 1,740,942. The firm has a fifty day simple moving average of $0.85 and a 200 day simple moving average of $1.51. Kopin Co. has a 52-week low of $0.67 and a 52-week high of $2.82. The stock has a market capitalization of $127.31 million, a price-to-earnings ratio of -2.60 and a beta of 2.65.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $10.03 million during the quarter, compared to the consensus estimate of $8.96 million. Kopin had a negative return on equity of 94.96% and a negative net margin of 125.20%. During the same period last year, the business posted ($0.03) earnings per share. Sell-side analysts anticipate that Kopin Co. will post -0.15 EPS for the current year.

Kopin Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.