40,198 Shares in POET Technologies Inc. (NASDAQ:POET) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in POET Technologies Inc. (NASDAQ:POET) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,198 shares of the company’s stock, valued at approximately $178,000.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of POET Technologies in the third quarter worth $112,000. Centiva Capital LP purchased a new stake in POET Technologies in the third quarter valued at $134,000. SevenBridge Financial Group LLC grew its position in POET Technologies by 92.8% during the 3rd quarter. SevenBridge Financial Group LLC now owns 118,709 shares of the company’s stock worth $527,000 after purchasing an additional 57,125 shares during the period. Finally, Tyler Stone Wealth Management raised its stake in shares of POET Technologies by 234.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 271,000 shares of the company’s stock valued at $1,203,000 after buying an additional 190,000 shares during the last quarter. 1.99% of the stock is owned by hedge funds and other institutional investors.

POET Technologies Stock Down 1.0 %

POET stock opened at $4.76 on Friday. POET Technologies Inc. has a 52-week low of $0.82 and a 52-week high of $5.83. The firm has a market cap of $364.02 million, a P/E ratio of -8.07 and a beta of 0.42. The company’s 50-day simple moving average is $4.27 and its 200-day simple moving average is $3.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Northland Securities restated an “outperform” rating and issued a $7.00 target price (up previously from $6.00) on shares of POET Technologies in a research note on Monday, December 2nd. Craig Hallum upped their price objective on POET Technologies from $3.50 to $5.50 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a report on Monday, November 18th.

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.