Insider Selling: Kopin Corporation (KOPN) Insider Sells 50,000 Shares of Stock
Kopin Corporation (NASDAQ:KOPN) insider Bor Yeu Tsaur sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $4.00, for a total value of $200,000.00. Following the sale, the insider now directly owns 609,966 shares of the company’s stock, valued at $2,439,864. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kopin Corporation (NASDAQ KOPN) traded down 4.56% during trading on Thursday, reaching $3.77. The company’s stock had a trading volume of 441,989 shares. Kopin Corporation has a 1-year low of $1.93 and a 1-year high of $4.49. The company’s market capitalization is $266.26 million. The company’s 50-day moving average is $3.78 and its 200-day moving average is $3.70.
Kopin Corporation (NASDAQ:KOPN) last released its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Kopin Corporation had a negative return on equity of 36.44% and a negative net margin of 125.80%. The business had revenue of $5.93 million for the quarter. During the same quarter in the previous year, the business earned ($0.05) EPS. Equities analysts anticipate that Kopin Corporation will post ($0.35) EPS for the current year.
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A number of analysts recently issued reports on KOPN shares. BidaskClub raised Kopin Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Needham & Company LLC reissued a “hold” rating on shares of Kopin Corporation in a research report on Tuesday.
A number of large investors have recently made changes to their positions in KOPN. Ameriprise Financial Inc. raised its stake in shares of Kopin Corporation by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 317,919 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 950 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Kopin Corporation by 2.6% in the second quarter. Teachers Advisors LLC now owns 103,513 shares of the semiconductor company’s stock valued at $384,000 after buying an additional 2,639 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Kopin Corporation by 130.5% in the second quarter. Alliancebernstein L.P. now owns 67,650 shares of the semiconductor company’s stock valued at $251,000 after buying an additional 38,300 shares in the last quarter. AMG National Trust Bank raised its stake in shares of Kopin Corporation by 9.1% in the second quarter. AMG National Trust Bank now owns 120,000 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 10,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Kopin Corporation by 0.3% in the second quarter. Principal Financial Group Inc. now owns 463,274 shares of the semiconductor company’s stock valued at $1,719,000 after buying an additional 1,446 shares in the last quarter. Institutional investors own 47.90% 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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