Round Table Services LLC continued to hold its position in Kopin Co. (NASDAQ:KOPN) during the first quarter, Holdings Channel reports. The institutional investor owned 177,000 shares of the semiconductor company’s stock at the end of the first quarter. Round Table Services LLC’s holdings in Kopin were worth $726,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penbrook Management LLC boosted its position in Kopin by 3.1% in the third quarter. Penbrook Management LLC now owns 450,970 shares of the semiconductor company’s stock worth $983,000 after buying an additional 13,470 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Kopin by 18.2% in the third quarter. Great West Life Assurance Co. Can now owns 77,600 shares of the semiconductor company’s stock worth $168,000 after buying an additional 11,962 shares in the last quarter. Comerica Bank raised its stake in shares of Kopin by 4.3% in the fourth quarter. Comerica Bank now owns 64,600 shares of the semiconductor company’s stock worth $228,000 after buying an additional 2,645 shares in the last quarter. State Street Corp raised its stake in shares of Kopin by 3.3% in the fourth quarter. State Street Corp now owns 1,269,395 shares of the semiconductor company’s stock worth $3,604,000 after buying an additional 40,253 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Kopin by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,496,970 shares of the semiconductor company’s stock worth $7,092,000 after buying an additional 85,876 shares in the last quarter. Institutional investors own 55.73% of the company’s stock.
Shares of Kopin Co. (NASDAQ:KOPN) traded up 2.82% during mid-day trading on Thursday, hitting $4.01. 297,407 shares of the company were exchanged. The firm’s market capitalization is $258.80 million. The company’s 50-day moving average price is $3.77 and its 200-day moving average price is $3.05. Kopin Co. has a 12-month low of $1.58 and a 12-month high of $4.21.
Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Monday, March 13th. The semiconductor company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Kopin had a negative net margin of 118.92% and a negative return on equity of 33.91%. The company earned $6.37 million during the quarter, compared to analysts’ expectations of $4.80 million. During the same period in the prior year, the company posted ($0.11) earnings per share. Equities research analysts predict that Kopin Co. will post ($0.37) earnings per share for the current fiscal year.
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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Kopin from a “hold” rating to a “sell” rating in a report on Thursday, March 30th. Needham & Company LLC reissued a “hold” rating on shares of Kopin in a report on Tuesday, March 14th.
In other Kopin news, CFO Richard Sneider sold 50,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $4.00, for a total value of $200,000.00. Following the completion of the sale, the chief financial officer now directly owns 357,138 shares in the company, valued at $1,428,552. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hong K. Choi sold 36,247 shares of the firm’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $4.00, for a total transaction of $144,988.00. Following the completion of the sale, the insider now owns 346,937 shares of the company’s stock, valued at $1,387,748. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.
Kopin Corporation is an inventor, developer, manufacturer and seller of wearable technologies, which include components and systems. It operates in two segments, which include Forth Dimension Displays Ltd. (FDD) and Kopin. FDD is the manufacturer of its reflective display products for test and simulation products.
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