Kopin (NASDAQ:KOPN) Price Target Raised to $6.50

Kopin (NASDAQ:KOPN) had its price objective lifted by Stifel Nicolaus from $5.50 to $6.50 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Lake Street Capital reaffirmed a “buy” rating and set a $5.00 target price on shares of Kopin in a research report on Wednesday, April 29th. JonesTrading began coverage on Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 target price on the stock. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Kopin in a research report on Tuesday. Finally, Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $5.05 on Wednesday. Kopin has a 1 year low of $1.23 and a 1 year high of $6.45. The firm has a market cap of $923.75 million, a price-to-earnings ratio of 505.51 and a beta of 3.40. The stock’s 50-day simple moving average is $3.07 and its 200-day simple moving average is $2.77.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The business had revenue of $10.55 billion for the quarter, compared to analysts’ expectations of $9.96 million. As a group, research analysts predict that Kopin will post -0.02 EPS for the current year.

Insider Activity

In related news, COO Paul Christopher Baker sold 58,939 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer directly owned 420,025 shares of the company’s stock, valued at $2,058,122.50. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the sale, the chief executive officer directly owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 524,760 shares of company stock valued at $1,763,275. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Kopin

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after buying an additional 7,687,358 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kopin by 11.2% during the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares during the last quarter. Telemark Asset Management LLC grew its holdings in shares of Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kopin by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock valued at $10,080,000 after purchasing an additional 544,189 shares during the last quarter. Finally, Herald Investment Management Ltd grew its holdings in shares of Kopin by 30.3% during the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after purchasing an additional 465,000 shares during the last quarter. 30.96% of the stock is owned by institutional investors.

About Kopin

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.