Kopin Corporation (KOPN) Earns Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Kopin Corporation (NASDAQ:KOPN) in a research report released on Thursday morning.

Separately, BidaskClub downgraded shares of Kopin Corporation from a hold rating to a sell rating in a research report on Monday, August 14th.

Shares of Kopin Corporation (KOPN) traded up $0.13 on Thursday, hitting $3.36. 407,500 shares of the stock were exchanged, compared to its average volume of 458,704. Kopin Corporation has a 12-month low of $2.07 and a 12-month high of $4.60.

Kopin Corporation (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $6.14 million for the quarter. Kopin Corporation had a negative net margin of 125.76% and a negative return on equity of 37.28%. During the same quarter in the previous year, the business earned ($0.12) earnings per share.

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In related news, insider Hong K. Choi sold 10,495 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $4.50, for a total transaction of $47,227.50. Following the completion of the transaction, the insider now directly owns 336,442 shares in the company, valued at $1,513,989. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KOPN. Vanguard Group Inc. lifted its position in Kopin Corporation by 7.4% during the second quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock valued at $12,599,000 after purchasing an additional 234,252 shares during the period. Northern Trust Corp lifted its position in Kopin Corporation by 15.9% during the second quarter. Northern Trust Corp now owns 776,790 shares of the company’s stock valued at $2,883,000 after purchasing an additional 106,560 shares during the period. State Street Corp lifted its position in Kopin Corporation by 7.0% during the second quarter. State Street Corp now owns 1,446,122 shares of the company’s stock valued at $5,365,000 after purchasing an additional 94,289 shares during the period. Rockefeller Financial Services Inc. acquired a new position in Kopin Corporation during the third quarter valued at $320,000. Finally, AWM Investment Company Inc. lifted its position in Kopin Corporation by 1.1% during the second quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock valued at $24,765,000 after purchasing an additional 74,248 shares during the period. Institutional investors own 44.83% of the company’s stock.

Kopin Corporation Company Profile

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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