Kopin Corp. (NASDAQ:KOPN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 target price for the stock from $3.00 to $2.00 in a research report on Wednesday, August 3rd.

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Kopin Corp. (NASDAQ:KOPN) opened at 2.23 on Wednesday. The firm’s market capitalization is $142.81 million. Kopin Corp. has a 52 week low of $1.57 and a 52 week high of $3.18. The company has a 50-day moving average of $2.18 and a 200-day moving average of $2.07.

Kopin Corp. (NASDAQ:KOPN) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The company earned $4.40 million during 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 in the previous year, the firm posted $0.01 earnings per share. On average, equities analysts forecast that Kopin Corp. will post ($0.39) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its position in Kopin Corp. by 24.4% in the second quarter. Capstone Asset Management Co. now owns 66,730 shares of the company’s stock valued at $148,000 after buying an additional 13,110 shares during the period. Cowen Prime Services LLC boosted its position in Kopin Corp. by 7.1% in the second quarter. Cowen Prime Services LLC now owns 118,451 shares of the company’s stock valued at $263,000 after buying an additional 7,825 shares during the period. Prudential Financial Inc. boosted 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 during the period. Teton Advisors Inc. boosted its position in Kopin Corp. by 2.7% in the second quarter. Teton Advisors Inc. now owns 190,000 shares of the company’s stock valued at $422,000 after buying an additional 5,000 shares during the period. Finally, BlackRock Investment Management LLC boosted its position in Kopin Corp. by 6.8% in the second quarter. BlackRock Investment Management LLC now owns 296,888 shares of the company’s stock valued at $659,000 after buying an additional 19,008 shares during the period. Institutional investors and hedge funds own 54.09% of the company’s stock.

Kopin Corp. Company Profile

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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