Key Points
- CEO sale: Kopin CEO Michael Andrew Murray sold 187,920 shares at an average price of $2.80 on April 13 under a pre-arranged Rule 10b5-1 plan, raising $526,176 and reducing his stake by 6.02% to 2,931,122 shares (about $8.21M).
- Mixed fundamentals: Kopin beat EPS estimates for the quarter ($0.04 vs. -$0.02) but missed revenue ($8.37M vs. $12.98M), has negative ROE and net margin, a high P/E (~292), $535M market cap, and an analyst consensus of “Moderate Buy” with an average $4.69 price target.
Kopin Corporation (NASDAQ:KOPN - Get Free Report) CEO Michael Andrew Murray sold 187,920 shares of the firm's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.80, for a total value of $526,176.00. Following the completion of the transaction, the chief executive officer owned 2,931,122 shares in the company, valued at approximately $8,207,141.60. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kopin Price Performance
Kopin stock opened at $2.92 on Thursday. The stock's 50-day moving average is $2.29 and its 200-day moving average is $2.65. The company has a market cap of $535.41 million, a price-to-earnings ratio of 292.29 and a beta of 2.73. Kopin Corporation has a 12 month low of $0.81 and a 12 month high of $4.16.
Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The company had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%. Research analysts anticipate that Kopin Corporation will post -0.14 EPS for the current year.
Institutional Investors Weigh In On Kopin
A number of large investors have recently modified their holdings of KOPN. Geode Capital Management LLC grew its stake in shares of Kopin by 106.8% in the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company's stock valued at $5,353,000 after buying an additional 1,806,632 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Kopin by 113,958.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company's stock valued at $108,000 after purchasing an additional 70,654 shares in the last quarter. Legal & General Group Plc acquired a new stake in Kopin during the 2nd quarter valued at approximately $25,000. Rhumbline Advisers acquired a new stake in Kopin during the 2nd quarter valued at approximately $259,000. Finally, Prudential Financial Inc. acquired a new stake in Kopin during the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 30.96% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a research note on Thursday, January 22nd. Wall Street Zen lowered Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kopin currently has an average rating of "Moderate Buy" and an average price target of $4.69.
View Our Latest Analysis on KOPN
About Kopin
(
Get Free Report)
Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.
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