Tyler Stone Wealth Management Has $1.68 Million Stock Position in POET Technologies Inc. (NASDAQ:POET)

Tyler Stone Wealth Management grew its stake in shares of POET Technologies Inc. (NASDAQ:POET) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,800 shares of the company’s stock after acquiring an additional 10,800 shares during the period. Tyler Stone Wealth Management’s holdings in POET Technologies were worth $1,677,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Defender Capital LLC. bought a new position in shares of POET Technologies in the 4th quarter valued at $61,000. Toronto Dominion Bank bought a new position in POET Technologies in the third quarter valued at about $54,000. HB Wealth Management LLC acquired a new stake in shares of POET Technologies during the fourth quarter valued at about $89,000. HighTower Advisors LLC bought a new stake in shares of POET Technologies during the fourth quarter worth about $116,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of POET Technologies in the fourth quarter valued at approximately $119,000. Institutional investors own 1.99% of the company’s stock.

POET Technologies Stock Performance

Shares of NASDAQ POET opened at $4.39 on Wednesday. The company’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.44. POET Technologies Inc. has a 52-week low of $1.00 and a 52-week high of $7.79. The company has a market capitalization of $342.73 million, a P/E ratio of -7.44 and a beta of 0.60.

Analyst Upgrades and Downgrades

Separately, Northland Securities reissued an “outperform” rating and issued a $7.00 price objective (up previously from $6.00) on shares of POET Technologies in a research note on Monday, December 2nd.

POET Technologies Company Profile

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.