POET Technologies (NASDAQ:POET) Research Coverage Started at Northland Securities

Northland Securities started coverage on shares of POET Technologies (NASDAQ:POET) in a report issued on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $6.00 target price on the stock.

Separately, Craig Hallum increased their price objective on shares of POET Technologies from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Thursday, September 12th.

POET Technologies Stock Down 3.4 %

Shares of NASDAQ:POET opened at $3.93 on Monday. POET Technologies has a 52-week low of $0.72 and a 52-week high of $5.60. The company has a 50 day moving average of $3.91 and a two-hundred day moving average of $3.01. The company has a market capitalization of $277.86 million, a price-to-earnings ratio of -6.66 and a beta of 0.33.

Institutional Trading of POET Technologies

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in POET Technologies in the third quarter valued at $319,000. Toronto Dominion Bank bought a new stake in POET Technologies in the third quarter valued at $54,000. XTX Topco Ltd bought a new stake in POET Technologies in the third quarter valued at $178,000. Quadrature Capital Ltd bought a new stake in POET Technologies in the third quarter valued at $112,000. Finally, Centiva Capital LP bought a new stake in POET Technologies in the third quarter valued at $134,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

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.