1 week Ago By Defense World Staff
Bank of Montreal Can trimmed its stake in POET Technologies Inc. (NASDAQ:POET – Free Report) by 93.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 10,606 shares of the company’s stock after selling 150,860 shares during the period. Bank of Montreal Can’s holdings in POET Technologies were worth $63,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.
Polymer Capital Management US LLC purchased a new position in shares of POET Technologies during the fourth quarter worth about $77,000. JPMorgan Chase & Co. purchased a new position in POET Technologies during the 4th quarter worth approximately $94,000.
Tyler Stone Wealth Management grew its stake in POET Technologies by 4.0% during the 4th quarter. Tyler Stone Wealth Management now owns 281,800 shares of the company’s stock worth $1,677,000 after buying an additional 10,800 shares during the last quarter.
EntryPoint Capital LLC acquired a new position in POET Technologies during the fourth quarter worth approximately $119,000. Finally, BluePointe Capital Management LLC purchased a new stake in POET Technologies in the fourth quarter valued at approximately $244,000. 1.
99% of the stock is currently owned by institutional investors and hedge funds. POET Technologies Trading Up 1.2 %Shares of POET opened at $4.
11 on Friday. The company’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $4.
43. The firm has a market cap of $320.90 million, a PE ratio of -6.
97 and a beta of 0.48. POET Technologies Inc.
has a 12-month low of $1.60 and a 12-month high of $7.79.
POET Technologies (NASDAQ:POET – Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.
09) by ($0.28). The business had revenue of $0.
03 million for the quarter, compared to the consensus estimate of $0.05 million. As a group, equities research analysts forecast that POET Technologies Inc.
will post -0.45 EPS for the current fiscal year. About POET Technologies (Free Report)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.See AlsoFive stocks we like better than POET Technologies3 Ways To Invest In Coffee, Other Than Drinking ItMarkets Think Robinhood Earnings Could Send the Stock UpWhat Are Dividends? Buy the Best Dividend StocksChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?How to Invest in the Best Canadian Stocks AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
