Aristides Capital LLC Has $494,000 Position in Kopin Corporation $KOPN

Aristides Capital LLC increased its stake in shares of Kopin Corporation (NASDAQ:KOPN) by 306.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,538 shares of the company’s stock after acquiring an additional 165,494 shares during the quarter. Aristides Capital LLC owned approximately 0.12% of Kopin worth $494,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in Kopin by 106.8% in the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after acquiring an additional 1,806,632 shares during the period. JPMorgan Chase & Co. grew its position in Kopin by 113,958.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after purchasing an additional 70,654 shares during the period. Legal & General Group Plc acquired a new stake in Kopin in the 2nd quarter valued at $25,000. Rhumbline Advisers bought a new stake in Kopin during the 2nd quarter valued at $259,000. Finally, Prudential Financial Inc. bought a new stake in Kopin during the 2nd quarter valued at $25,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KOPN. Canaccord Genuity Group upped their target price on shares of Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. JonesTrading began coverage on Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Craig Hallum restated a “buy” rating and set a $10.00 price objective on shares of Kopin in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kopin currently has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Kopin Price Performance

NASDAQ KOPN opened at $3.80 on Friday. The stock has a market capitalization of $695.10 million, a price-to-earnings ratio of 380.38 and a beta of 3.47. Kopin Corporation has a one year low of $1.66 and a one year high of $6.61. The business’s fifty day moving average is $4.64 and its 200-day moving average is $3.46.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data 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). The company had revenue of $10.55 million 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%. Research analysts expect that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total transaction of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. This represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 176,840 shares of company stock worth $755,499 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Kopin 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.