Key Points
- CEO insider sales: Kopin CEO Michael Andrew Murray sold 63,200 shares on April 15 at an average $3.01 (worth $190,232) and had sold 187,920 shares on April 13 at $2.80; both transactions were executed under a pre-arranged Rule 10b5-1 plan, leaving him with 2,867,922 shares (a 2.16% ownership decline).
- Mixed financial and market signals: Kopin beat EPS estimates ($0.04 vs. -$0.02) but missed revenue forecasts ($8.37M vs. $12.98M), trades with a high PE (~295) and a 52-week range of $0.88–$4.16, and carries a consensus analyst rating of "Moderate Buy" with an average target of $4.69.
Kopin Corporation (NASDAQ:KOPN - Get Free Report) CEO Michael Andrew Murray sold 63,200 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $3.01, for a total value of $190,232.00. Following the sale, the chief executive officer directly owned 2,867,922 shares of the company's stock, valued at approximately $8,632,445.22. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Andrew Murray also recently made the following trade(s):
- On Monday, April 13th, Michael Andrew Murray sold 187,920 shares of Kopin stock. The stock was sold at an average price of $2.80, for a total value of $526,176.00.
Kopin Stock Up 1.0%
KOPN opened at $2.95 on Friday. The firm has a market cap of $540.92 million, a PE ratio of 295.30 and a beta of 2.73. The business has a fifty day simple moving average of $2.31 and a 200-day simple moving average of $2.65. Kopin Corporation has a fifty-two week low of $0.88 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $8.37 million during the quarter, compared to analyst estimates of $12.98 million. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%. On average, equities research analysts anticipate that Kopin Corporation will post -0.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on KOPN shares. Weiss Ratings reissued 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 research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.69.
Read Our Latest Research Report on KOPN
Institutional Trading of Kopin
Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company's stock worth $26,021,000 after buying an additional 7,687,358 shares during the period. Vanguard Group Inc. boosted its position in shares of Kopin by 11.2% in the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company's stock worth $22,784,000 after buying an additional 945,662 shares during the period. Telemark Asset Management LLC boosted its position in shares of Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company's stock worth $16,380,000 after buying an additional 2,000,000 shares during the period. Geode Capital Management LLC boosted its position in shares of Kopin by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company's stock worth $10,080,000 after buying an additional 544,189 shares during the period. Finally, Herald Investment Management Ltd boosted its position in shares of Kopin by 30.3% in the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company's stock worth $4,860,000 after buying an additional 465,000 shares during the period. Institutional investors and hedge funds own 30.96% of the company's stock.
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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