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 lowered their price objective for the company from $3.00 to $2.00 in a research report on Wednesday, August 3rd.
Kopin Corp. (NASDAQ:KOPN) opened at 2.21 on Wednesday. The firm has a 50-day moving average of $2.18 and a 200 day moving average of $2.08. The firm’s market cap is $141.53 million. Kopin Corp. has a 1-year low of $1.57 and a 1-year high of $3.18.
Kopin Corp. (NASDAQ:KOPN) last released its earnings results on Tuesday, August 2nd. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the firm earned $0.01 EPS. On average, analysts predict that Kopin Corp. will post ($0.39) EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of KOPN. BlackRock Fund Advisors raised its position in Kopin Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 4,058,228 shares of the company’s stock worth $9,009,000 after buying an additional 16,465 shares during the last quarter. BlackRock Investment Management LLC raised 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 worth $659,000 after buying an additional 19,008 shares during the last quarter. Marathon Capital Management raised its position in Kopin Corp. by 11.6% in the second quarter. Marathon Capital Management now owns 1,150,224 shares of the company’s stock worth $2,558,000 after buying an additional 119,876 shares during the last quarter. Vanguard Group Inc. raised its position in Kopin Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 2,437,136 shares of the company’s stock worth $5,410,000 after buying an additional 45,659 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kopin Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 441,018 shares of the company’s stock worth $979,000 after buying an additional 11,795 shares during the last quarter. 54.09% of the stock is owned by hedge funds and other institutional investors.
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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