Kopin (NASDAQ:KOPN) Sees Strong Trading Volume – Time to Buy?

Kopin Corporation (NASDAQ:KOPN) saw unusually-high trading volume on Friday . Approximately 2,472,354 shares changed hands during trading, a decline of 22% from the previous session’s volume of 3,156,226 shares.The stock last traded at $3.7450 and had previously closed at $3.53.

Wall Street Analyst Weigh In

KOPN has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Kopin from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kopin has a consensus rating of “Moderate Buy” and an average target price of $4.69.

Kopin Trading Up 6.1%

The company has a fifty day moving average of $2.39 and a 200-day moving average of $2.67. The stock has a market cap of $686.68 million, a PE ratio of 374.87 and a beta of 2.73.

Kopin (NASDAQ:KOPN) last released its earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $8.37 million during the quarter, compared to the consensus estimate of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. As a group, research analysts anticipate that Kopin Corporation will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Kopin

In related news, CEO Michael Andrew Murray sold 187,920 shares of Kopin stock in a transaction that occurred on Monday, April 13th. The shares were 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. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 347,920 shares of company stock valued at $1,007,776 in the last ninety days. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOPN. State Street Corp grew its stake 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 acquiring an additional 7,687,358 shares in the last quarter. Telemark Asset Management LLC boosted its holdings in Kopin by 40.0% in 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 period. Geode Capital Management LLC grew its stake in Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after purchasing an additional 1,806,632 shares in the last quarter. CenterBook Partners LP purchased a new stake in Kopin during the 4th quarter worth about $2,925,000. Finally, Vanguard Group Inc. increased its holdings in Kopin by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock worth $22,784,000 after purchasing an additional 945,662 shares during the period. Hedge funds and other institutional investors own 30.96% of the company’s stock.

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.