Needham & Company LLC Reiterates Hold Rating for Kopin (KOPN)

Needham & Company LLC reissued their hold rating on shares of Kopin (NASDAQ:KOPN) in a research report released on Thursday, January 11th.

“Yesterday at CES, we met with John Fan, CEO of Kopin. The company, which is a leading component manufacturer for wearable devices (micro displays, batteries, whisper chip), announced a new “theater” mobile headset, VR reference design, and its next generation Solos AR headset. While Kopin has focused primarily on the military (nearly 100% optic display market share) and enterprise (70%-80% display share; Himax and TI rest) we believe that consumer applications are beginning to reach a price point and form factor that will result in wider adoption.”,” Needham & Company LLC’s analyst commented.

Separately, BidaskClub upgraded shares of Kopin from a strong sell rating to a sell rating in a research note on Friday, January 5th.

Shares of Kopin (KOPN) opened at $3.26 on Thursday. Kopin has a 1 year low of $3.00 and a 1 year high of $4.60. The firm has a market cap of $245.60, a P/E ratio of -7.76 and a beta of 0.98.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Kopin had a negative net margin of 125.76% and a negative return on equity of 37.28%. The firm had revenue of $6.14 million for the quarter. During the same period last year, the business posted ($0.12) earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Financial Services Inc. bought a new stake in Kopin in the third quarter worth about $320,000. AWM Investment Company Inc. raised its position in Kopin by 1.1% in the second quarter. AWM Investment Company Inc. now owns 6,675,282 shares of the company’s stock worth $24,765,000 after acquiring an additional 74,248 shares in the last quarter. Alliancebernstein L.P. raised its position in Kopin by 130.5% in the second quarter. Alliancebernstein L.P. now owns 67,650 shares of the company’s stock worth $251,000 after acquiring an additional 38,300 shares in the last quarter. State Street Corp raised its position in Kopin by 7.0% in the second quarter. State Street Corp now owns 1,446,122 shares of the company’s stock worth $5,365,000 after acquiring an additional 94,289 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Kopin by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,396,076 shares of the company’s stock worth $12,599,000 after acquiring an additional 234,252 shares in the last quarter. Institutional investors and hedge funds own 45.08% of the company’s stock.

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About Kopin

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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