Kopin Corporation (NASDAQ:KOPN) insider Bor Yeu Tsaur sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $4.00, for a total transaction of $200,000.00. Following the completion of the sale, the insider now owns 609,966 shares in the company, valued at approximately $2,439,864. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Kopin Corporation (NASDAQ KOPN) opened at 3.59 on Friday. Kopin Corporation has a one year low of $1.93 and a one year high of $4.49. The firm has a 50-day moving average of $3.78 and a 200-day moving average of $3.70. The stock’s market cap is $253.55 million.
Kopin Corporation (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.02. Kopin Corporation had a negative net margin of 125.80% and a negative return on equity of 36.44%. The business had revenue of $5.93 million during the quarter. During the same period in the prior year, the company posted ($0.05) EPS. On average, equities research analysts expect that Kopin Corporation will post ($0.35) earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Kopin Corporation in a report on Tuesday, August 8th. BidaskClub cut shares of Kopin Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th.
Several large investors have recently bought and sold shares of the stock. State Street Corp raised its position in Kopin Corporation by 3.3% in the fourth quarter. State Street Corp now owns 1,269,395 shares of the semiconductor company’s stock valued at $3,604,000 after buying an additional 40,253 shares during the period. Dimensional Fund Advisors LP raised its position in Kopin Corporation by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the semiconductor company’s stock valued at $7,092,000 after buying an additional 85,876 shares during the period. Louisiana State Employees Retirement System raised its position in Kopin Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp raised its position in Kopin Corporation by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 705,422 shares of the semiconductor company’s stock valued at $2,892,000 after buying an additional 8,657 shares during the period. Finally, Comerica Bank raised its position in Kopin Corporation by 4.2% in the first quarter. Comerica Bank now owns 67,291 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 2,691 shares during the period. Institutional investors and hedge funds 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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