According to Zacks, “Kopin Corp. is a manufacturer of gallium arsenide transistor products and miniature flat panel displays for wireless communications and portable consumer electronics. The company’s gallium arsenide heterojunction bipolar transistors are used to produce power amplifier circuits for wireless telephone handsets and gigabit circuits for fiber-optic and Internet data transmission. Kopin’s CyberDisplay family of ultra-small, high density imaging devices is designed for portable products including camcorders, digital cameras and wireless handsets. (PRESS RELEASE) “
Separately, Wunderlich downgraded shares of Kopin Corp. from a buy rating to a hold rating and decreased their price objective for the company from $3.00 to $2.00 in a report on Wednesday, August 3rd.
Shares of Kopin Corp. (NASDAQ:KOPN) opened at 2.20 on Wednesday. Kopin Corp. has a 52-week low of $1.57 and a 52-week high of $3.18. The stock’s market capitalization is $140.89 million. The firm has a 50-day moving average of $2.18 and a 200 day moving average of $2.08.
Kopin Corp. (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.07. The business had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.70 million. Kopin Corp. had a negative net margin of 93.59% and a negative return on equity of 28.50%. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Kopin Corp. will post ($0.39) EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of KOPN. Marathon Capital Management increased its position in Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock valued at $2,558,000 after buying an additional 119,876 shares during the last quarter. Vanguard Group Inc. increased its position in Kopin Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,437,136 shares of the company’s stock valued at $5,410,000 after buying an additional 45,659 shares in the last quarter. Principal Financial Group Inc. increased its position in Kopin Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 441,018 shares of the company’s stock valued at $979,000 after buying an additional 11,795 shares in the last quarter. Prudential Financial Inc. increased its position in Kopin Corp. by 1.8% in the second quarter. Prudential Financial Inc. now owns 147,612 shares of the company’s stock valued at $328,000 after buying an additional 2,680 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Kopin Corp. by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 299,629 shares of the company’s stock valued at $665,000 after buying an additional 12,010 shares in the last quarter. 54.05% of the stock is currently owned by institutional investors and hedge funds.
About Kopin Corp.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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