Kopin (NASDAQ:KOPN) Sets New 1-Year High - Should You Buy?

Key Points

• Kopin shares hit a new 52-week high, trading as high as $4.63 and last at $4.00 on heavy volume, with the stock up roughly 7.8% intraday.
• Analysts are mixed: the stock carries a consensus "Moderate Buy" rating with a consensus price target of $4.95, while individual views range from JonesTrading's buy ($6 target) to sell/strong-sell ratings from Weiss and Wall Street Zen.
• Kopin beat EPS expectations this quarter ($0.04 vs. -$0.02 est.) but missed on revenue ($8.37M vs. $12.98M), and the CEO sold 96,800 shares under a 10b5‑1 plan as insiders have trimmed positions recently.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $4.63 and last traded at $4.00, with a volume of 40917015 shares. The stock had previously closed at $3.71.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JonesTrading assumed coverage on shares of Kopin in a report on Monday. They set a "buy" rating and a $6.00 price target for the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Kopin from a "sell" rating to a "strong sell" rating in a report on Saturday, April 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.95.

Kopin Trading Up 7.8%

The firm has a market cap of $733.45 million, a P/E ratio of 400.40 and a beta of 2.73. The business's fifty day simple moving average is $2.48 and its 200-day simple moving average is $2.67.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings results on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The business had revenue of $8.37 million for the quarter, compared to analyst estimates of $12.98 million. Kopin had a net margin of 6.63% and a return on equity of 8.53%. Analysts anticipate that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Transactions at Kopin

In other Kopin news, CEO Michael Andrew Murray sold 96,800 shares of the company's stock in a transaction on 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 transaction, the chief executive officer directly owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 347,920 shares of company stock valued at $1,007,776. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KOPN. Geode Capital Management LLC raised its holdings in Kopin by 106.8% in 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. JPMorgan Chase & Co. raised its holdings in Kopin by 113,958.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company's stock worth $108,000 after purchasing an additional 70,654 shares in the last quarter. Legal & General Group Plc bought a new position in Kopin in the 2nd quarter worth $25,000. Rhumbline Advisers bought a new position in Kopin in the 2nd quarter worth $259,000. Finally, Prudential Financial Inc. bought a new position in Kopin in the 2nd quarter worth $25,000. 30.96% of the stock is currently owned by institutional investors.

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.

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