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) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 308,200 shares of the company’s stock, valued at approximately $1,834,000. Jump Financial LLC owned about 0.40% of POET Technologies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in shares of POET Technologies by 952.0% in the fourth quarter. Renaissance Technologies LLC now owns 311,816 shares of the company’s stock worth $1,855,000 after acquiring an additional 282,176 shares during the period. Tyler Stone Wealth Management boosted its holdings in POET Technologies by 4.0% in the fourth quarter. Tyler Stone Wealth Management now owns 281,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 10,800 shares during the last quarter. Virtu Financial LLC acquired a new stake in POET Technologies during the 3rd quarter worth about $319,000. Raymond James Financial Inc. purchased a new position in shares of POET Technologies during the 4th quarter valued at about $252,000. Finally, BluePointe Capital Management LLC acquired a new position in shares of POET Technologies in the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

POET Technologies Stock Up 0.5 %

POET Technologies stock opened at $3.78 on Friday. POET Technologies Inc. has a 52 week low of $1.00 and a 52 week high of $7.79. The firm has a market cap of $295.12 million, a price-to-earnings ratio of -6.41 and a beta of 0.48. The business’s 50-day moving average price is $3.96 and its 200 day moving average price is $4.44.

POET Technologies (NASDAQ:POET) last posted 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 firm had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.05 million. Equities analysts expect that POET Technologies Inc. will post -0.45 EPS for the current year.

POET Technologies 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.