Kopin Corporation $KOPN Shares Sold by WealthTrust Axiom LLC

WealthTrust Axiom LLC decreased its position in Kopin Corporation (NASDAQ:KOPN) by 29.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 282,757 shares of the company’s stock after selling 117,729 shares during the period. WealthTrust Axiom LLC’s holdings in Kopin were worth $662,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EWA LLC acquired a new stake in shares of Kopin in the fourth quarter valued at $25,000. Prudential Financial Inc. acquired a new stake in shares of Kopin in the second quarter valued at $25,000. Legal & General Group Plc acquired a new stake in shares of Kopin in the second quarter valued at $25,000. Cibc World Markets Corp acquired a new stake in shares of Kopin in the fourth quarter valued at $28,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Kopin in the third quarter valued at $33,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KOPN shares. Lake Street Capital upped their price objective on Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research downgraded Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. JonesTrading began coverage on Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 target price for the company. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Five 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.15.

Kopin Price Performance

Shares of NASDAQ KOPN opened at $4.94 on Monday. Kopin Corporation has a 12 month low of $1.44 and a 12 month high of $6.61. The company has a market cap of $903.62 million, a price-to-earnings ratio of 494.49 and a beta of 3.43. The business has a fifty day simple moving average of $4.36 and a 200-day simple moving average of $3.12.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, May 12th. 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 5.00% and a return on equity of 4.85%. The company had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. As a group, sell-side analysts expect that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, COO Paul Christopher Baker sold 58,939 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer directly owned 420,025 shares of the company’s stock, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 524,760 shares of company stock valued at $1,763,275. Company insiders own 2.80% of the company’s stock.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.