Kopin’s (KOPN) Hold Rating Reaffirmed at Needham & Company LLC

Kopin (NASDAQ:KOPN)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a research note issued on Thursday.

The analysts wrote, “Yesterday at CES, we met with John Fan, CEO of Kopin. The company, which is a leading component manufacturer for wearable devices (micro displays, batteries, whisper chip), announced a new “theater” mobile headset, VR reference design, and its next generation Solos AR headset. While Kopin has focused primarily on the military (nearly 100% optic display market share) and enterprise (70%-80% display share; Himax and TI rest) we believe that consumer applications are beginning to reach a price point and form factor that will result in wider adoption.””

Separately, BidaskClub upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th.

Shares of Kopin (NASDAQ:KOPN) opened at $3.29 on Thursday. The firm has a market cap of $247.86, a P/E ratio of -7.83 and a beta of 0.98. Kopin has a one year low of $3.00 and a one year high of $4.60.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). The firm had revenue of $6.14 million during the quarter. Kopin had a negative net margin of 125.76% and a negative return on equity of 37.28%. During the same period last year, the business posted ($0.12) EPS.

Several large investors have recently bought and sold shares of the company. AWM Investment Company Inc. lifted its stake in shares of Kopin by 1.1% during the second quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock worth $24,765,000 after buying an additional 74,248 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Kopin by 0.9% during the third quarter. First Eagle Investment Management LLC now owns 5,652,949 shares of the company’s stock worth $12,323,000 after buying an additional 50,000 shares during the period. Vanguard Group Inc. lifted its stake in shares of Kopin by 7.4% during the second quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock worth $12,599,000 after buying an additional 234,252 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Kopin by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the company’s stock worth $7,092,000 after buying an additional 85,876 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Kopin by 0.9% during the first quarter. Royce & Associates LP now owns 2,084,926 shares of the company’s stock worth $3,461,000 after buying an additional 18,500 shares during the period. Institutional investors and hedge funds own 45.08% of the company’s stock.

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About Kopin

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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