164,200 Shares in POET Technologies Inc. $POET Acquired by Quadrature Capital Ltd

Key Points

• Quadrature Capital Ltd bought a new stake of 164,200 shares in POET during Q2 (about $855,000), representing roughly 0.18% of the company.
• POET's most recent quarter showed a ($0.11) EPS miss (vs. ($0.09) est.) and revenue of $0.30M (vs. $0.55M est.), alongside a negative return on equity and a very large net loss; the company has a market cap of about $456.8M and a 12‑month range of $3.09–$9.41.
• Analyst coverage is mixed (average rating: Hold) with a consensus target of $7.00, and institutional investors collectively own only about 1.99% of the stock.

Quadrature Capital Ltd bought a new stake in shares of POET Technologies Inc. (NASDAQ:POET - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 164,200 shares of the company's stock, valued at approximately $855,000. Quadrature Capital Ltd owned 0.18% of POET Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of POET. Scotia Capital Inc. grew its holdings in shares of POET Technologies by 13.0% during the second quarter. Scotia Capital Inc. now owns 18,295 shares of the company's stock valued at $95,000 after buying an additional 2,100 shares in the last quarter. Strengthening Families & Communities LLC purchased a new position in POET Technologies during the 1st quarter valued at about $26,000. Steward Partners Investment Advisory LLC grew its stake in POET Technologies by 390.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,520 shares of the company's stock valued at $70,000 after acquiring an additional 10,763 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of POET Technologies by 120.5% in the 1st quarter. Virtu Financial LLC now owns 47,351 shares of the company's stock valued at $179,000 after purchasing an additional 25,879 shares during the period. Finally, US Bancorp DE lifted its position in shares of POET Technologies by 12,881.1% in the first quarter. US Bancorp DE now owns 28,169 shares of the company's stock worth $106,000 after purchasing an additional 27,952 shares in the last quarter. Institutional investors and hedge funds own 1.99% of the company's stock.

POET Technologies Stock Performance

Shares of POET opened at $5.04 on Monday. The firm has a market cap of $456.79 million, a PE ratio of -6.22 and a beta of 0.37. The firm's 50 day moving average price is $6.20 and its 200 day moving average price is $5.55. POET Technologies Inc. has a twelve month low of $3.09 and a twelve month high of $9.41.

POET Technologies (NASDAQ:POET - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $0.30 million for the quarter, compared to analyst estimates of $0.55 million. POET Technologies had a negative return on equity of 141.43% and a negative net margin of 11,497.01%. On average, sell-side analysts anticipate that POET Technologies Inc. will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on POET shares. Wall Street Zen raised shares of POET Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, November 16th. Weiss Ratings restated a "sell (d-)" rating on shares of POET Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $7.00.

About POET Technologies

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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