Jump Financial LLC Invests $1.83 Million in POET Technologies Inc. (NASDAQ:POET)

Jump Financial LLC bought a new stake in POET Technologies Inc. (NASDAQ:POET - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 308,200 shares of the company's stock, valued at approximately $1,834,000. Jump Financial LLC owned 0.40% of POET Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of POET Technologies by 952.0% during the 4th quarter. Renaissance Technologies LLC now owns 311,816 shares of the company's stock worth $1,855,000 after buying an additional 282,176 shares in the last quarter. Tyler Stone Wealth Management increased its stake in POET Technologies by 4.0% during the fourth quarter. Tyler Stone Wealth Management now owns 281,800 shares of the company's stock worth $1,677,000 after acquiring an additional 10,800 shares during the last quarter. Virtu Financial LLC acquired a new stake in POET Technologies during the 3rd quarter worth approximately $319,000. Raymond James Financial Inc. acquired a new stake in POET Technologies during the 4th quarter worth approximately $252,000. Finally, BluePointe Capital Management LLC purchased a new position in POET Technologies in the 4th quarter worth approximately $244,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

POET Technologies Stock Up 4.3 %

Shares of POET Technologies stock traded up $0.17 on Thursday, hitting $4.09. 144,604 shares of the company's stock traded hands, compared to its average volume of 1,620,370. The stock has a market cap of $319.09 million, a P/E ratio of -6.91 and a beta of 0.48. The firm's 50-day moving average is $3.89 and its 200 day moving average is $4.43. POET Technologies Inc. has a 52-week low of $1.60 and a 52-week high of $7.79.

POET Technologies (NASDAQ:POET - Get Free Report) last issued its earnings results on Monday, March 31st. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28). The business had revenue of $0.03 million during the quarter, compared to analysts' expectations of $0.05 million. Equities research analysts forecast that POET Technologies Inc. will post -0.45 EPS for the current year.

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.