Kopin Corporation’s (KOPN) “Hold” Rating Reiterated at Needham & Company LLC
Kopin Corporation (NASDAQ:KOPN)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a report issued on Tuesday.
The analysts wrote, “While Kopin gave a significant 2H17 guide (rev. up 70% compared to 1H17) and spoke towards AR/VR headset traction (5 to be introduced by years end) as well as progress on its Whisper Chip technology, we remain cautious towards its near term prospects as business remains lumpy. We could become more constructive on the name if we see a clear inflection point in its business lines as we believe Kopin is targeting major areas of growth in the semiconductor space: AR/VR, voice HMI, and OLED.””
Separately, BidaskClub raised Kopin Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
Kopin Corporation (KOPN) traded up 18.32% during midday trading on Tuesday, hitting $3.94. The company had a trading volume of 962,606 shares. The stock’s market capitalization is $254.28 million. Kopin Corporation has a 52 week low of $1.93 and a 52 week high of $4.49. The stock has a 50 day moving average price of $3.79 and a 200-day moving average price of $3.70.
Kopin Corporation (NASDAQ:KOPN) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.02. Kopin Corporation had a negative net margin of 115.16% and a negative return on equity of 37.39%. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, equities analysts predict that Kopin Corporation will post ($0.35) EPS for the current year.
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Large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of Kopin Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 400 shares during the period. Arizona State Retirement System raised its stake in shares of Kopin Corporation by 1.3% in the first quarter. Arizona State Retirement System now owns 31,633 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 400 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Kopin Corporation by 4.7% in the first quarter. Thrivent Financial For Lutherans now owns 34,160 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,540 shares during the period. Texas Permanent School Fund raised its stake in shares of Kopin Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 44,469 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 478 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Kopin Corporation during the first quarter valued at approximately $192,000. 47.90% of the stock is currently 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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