Kopin Corporation (NASDAQ:KOPN) Posts Earnings Results, Misses Estimates By $0.02 EPS
Kopin Corporation (NASDAQ:KOPN) announced its quarterly earnings data on Tuesday. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02, MarketWatch Earnings reports. Kopin Corporation had a negative net margin of 115.16% and a negative return on equity of 37.39%. During the same quarter last year, the firm posted ($0.05) earnings per share.
Shares of Kopin Corporation (KOPN) traded up 17.1141% during midday trading on Tuesday, hitting $3.8999. 1,107,911 shares of the company were exchanged. The company has a 50-day moving average of $3.79 and a 200 day moving average of $3.70. Kopin Corporation has a one year low of $1.93 and a one year high of $4.49. The company’s market capitalization is $251.69 million.
A number of equities analysts have recently issued reports on KOPN shares. BidaskClub upgraded shares of Kopin Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Needham & Company LLC restated a “hold” rating on shares of Kopin Corporation in a research note on Tuesday.
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A number of large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in Kopin Corporation by 1.3% in the first quarter. Prudential Financial Inc. now owns 102,072 shares of the semiconductor company’s stock valued at $418,000 after buying an additional 1,270 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Kopin Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 461,828 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 16,235 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kopin Corporation by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the semiconductor company’s stock valued at $7,092,000 after buying an additional 85,876 shares during the last quarter. Comerica Bank increased its position in shares of Kopin Corporation by 4.2% in the first quarter. Comerica Bank now owns 67,291 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 2,691 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Kopin Corporation by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 705,422 shares of the semiconductor company’s stock valued at $2,892,000 after buying an additional 8,657 shares during the last quarter. 47.90% of the stock is owned by institutional investors and hedge funds.
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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