Jump Financial LLC Invests $1.83 Million in POET Technologies Inc. (NASDAQ:POET)

Jump Financial LLC purchased a new stake in POET Technologies Inc. (NASDAQ:POET) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 308,200 shares of the company’s stock, valued at approximately $1,834,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Defender Capital LLC. purchased a new position in POET Technologies in the 4th quarter valued at about $61,000. Tyler Stone Wealth Management raised its holdings in shares of POET Technologies by 4.0% during the fourth quarter. Tyler Stone Wealth Management now owns 281,800 shares of the company’s stock valued at $1,677,000 after acquiring an additional 10,800 shares during the last quarter. Polymer Capital Management US LLC purchased a new position in shares of POET Technologies in the fourth quarter valued at approximately $77,000. HB Wealth Management LLC acquired a new stake in shares of POET Technologies in the fourth quarter worth approximately $89,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of POET Technologies in the fourth quarter worth approximately $94,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

POET Technologies Stock Performance

NASDAQ POET opened at $3.78 on Friday. The business has a fifty day moving average price of $3.96 and a 200 day moving average price of $4.44. The company has a market cap of $295.12 million, a P/E ratio of -6.41 and a beta of 0.48. POET Technologies Inc. has a one year low of $1.00 and a one year high of $7.79.

POET Technologies (NASDAQ:POET) last issued its earnings results on Monday, March 31st. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28). The firm had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.05 million. As a group, sell-side analysts predict that POET Technologies Inc. will post -0.45 EPS for the current fiscal year.

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.