Kopin (NASDAQ:KOPN) Trading Up 8.6% – Still a Buy?

Kopin Corporation (NASDAQ:KOPN) shares were up 8.6% during mid-day trading on Wednesday . The stock traded as high as $4.72 and last traded at $4.7440. Approximately 1,741,312 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 5,379,539 shares. The stock had previously closed at $4.37.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KOPN shares. JonesTrading started coverage on shares of Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Canaccord Genuity Group boosted their target price on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research note on Thursday, May 14th. Craig Hallum reiterated a “buy” rating and issued a $10.00 target price on shares of Kopin in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Kopin from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Stifel Nicolaus upped their price objective on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Stock Up 7.2%

The stock has a market capitalization of $856.98 million, a price-to-earnings ratio of 469.97 and a beta of 3.40. The company’s 50-day moving average is $3.16 and its 200-day moving average is $2.78.

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

Insider Buying and Selling

In related news, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the transaction, the chief operating officer owned 480,005 shares in the company, valued at approximately $1,896,019.75. The trade was a 19.58% 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. Also, 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 transaction of $526,176.00. Following the completion of the transaction, the chief executive officer owned 2,931,122 shares of the company’s stock, valued at $8,207,141.60. This trade represents a 6.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 524,760 shares of company stock valued at $1,763,275 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EWA LLC purchased a new position in Kopin in the fourth quarter worth approximately $25,000. Cibc World Markets Corp acquired a new position in Kopin in the 4th quarter valued at $28,000. Russell Investments Group Ltd. acquired a new position in Kopin in the 3rd quarter valued at $33,000. Principal Financial Group Inc. increased its stake in Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after buying an additional 3,243 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Kopin in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.