Aptus Capital Advisors LLC purchased a new stake in POET Technologies Inc. (NASDAQ:POET - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 91,659 shares of the company's stock, valued at approximately $545,000. Aptus Capital Advisors LLC owned approximately 0.12% of POET Technologies as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. Defender Capital LLC. bought a new position in POET Technologies in the 4th quarter worth about $61,000. Polymer Capital Management US LLC bought a new position in POET Technologies during the fourth quarter valued at approximately $77,000. HB Wealth Management LLC purchased a new position in shares of POET Technologies during the fourth quarter worth approximately $89,000. JPMorgan Chase & Co. bought a new stake in shares of POET Technologies in the 4th quarter worth approximately $94,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of POET Technologies by 384.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 18,113 shares of the company's stock valued at $108,000 after purchasing an additional 14,373 shares in the last quarter. Hedge funds and other institutional investors own 1.99% of the company's stock.
POET Technologies Stock Performance
NASDAQ:POET traded up $0.05 during trading hours on Friday, reaching $4.47. The company's stock had a trading volume of 750,559 shares, compared to its average volume of 1,539,659. The firm has a market capitalization of $349.00 million, a price-to-earnings ratio of -7.58 and a beta of 0.19. The firm has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $4.45. POET Technologies Inc. has a 1 year low of $1.60 and a 1 year high of $7.79.
POET Technologies (NASDAQ:POET - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28). The firm had revenue of $0.03 million during the quarter, compared to analysts' expectations of $0.05 million. Equities analysts anticipate that POET Technologies Inc. will post -0.45 earnings per share for the current fiscal year.
POET Technologies Company Profile
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Free Report)
POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.
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