Stock Traders Buy Large Volume of POET Technologies Call Options (NASDAQ:POET)

Key Points

• Unusually large call buying: Investors purchased 50,969 call options on POET on Tuesday—about 69% above the average call volume of 30,248, indicating heightened bullish options activity.
• Shares jumped 16.9% on heavy volume: POET rose $0.86 to $5.94 with 12.58 million shares traded versus an average of 9.15 million, reflecting strong intraday demand.
• Analyst sentiment remains cautious: the consensus rating is "Sell" with a $8.00 average target, and institutional ownership is low at roughly 1.99% despite some recent new and increased stakes.

POET Technologies Inc. (NASDAQ:POET - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 50,969 call options on the stock. This represents an increase of 69% compared to the average volume of 30,248 call options.

POET Technologies Stock Up 16.9%

Shares of NASDAQ POET traded up $0.86 during mid-day trading on Tuesday, reaching $5.94. 12,583,543 shares of the company were exchanged, compared to its average volume of 9,145,943. POET Technologies has a 1 year low of $3.09 and a 1 year high of $9.41. The firm has a 50-day moving average of $6.24 and a 200 day moving average of $6.33. The stock has a market cap of $784.20 million, a price-to-earnings ratio of -8.25 and a beta of 0.36.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POET. Northland Securities set a $8.00 price target on shares of POET Technologies in a research report on Wednesday, December 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of POET Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell" and a consensus target price of $8.00.

Institutional Trading of POET Technologies

A number of institutional investors have recently modified their holdings of POET. Quadrature Capital Ltd bought a new position in shares of POET Technologies during the 2nd quarter worth approximately $855,000. SBI Securities Co. Ltd. lifted its position in POET Technologies by 531.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 53,609 shares of the company's stock valued at $339,000 after acquiring an additional 45,122 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in POET Technologies in the fourth quarter valued at approximately $127,000. Albion Financial Group UT boosted its stake in POET Technologies by 233.3% in the fourth quarter. Albion Financial Group UT now owns 10,000 shares of the company's stock valued at $63,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in POET Technologies in the fourth quarter worth $76,000. 1.99% of the stock is currently owned by institutional investors.

About POET Technologies

POET Technologies Inc is a Canadian fabless semiconductor company focused on the development and commercialization of integrated silicon photonics platforms. Leveraging proprietary POET Optical Interposer™ technology, the company designs and manufactures optical input/output (I/O) solutions that enable high-bandwidth, low-power data transmission between electronic chips and fiber-optic networks. By integrating optical waveguides, lasers, detectors and electronic drivers onto a single chip, POET aims to address the growing demand for faster, more energy-efficient data connectivity in telecommunications, data centers and high-performance computing applications.

The company’s core products include silicon photonics interposer arrays, active optical cables and optical transceiver modules.

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