20,042 Shares in POET Technologies Inc. (NASDAQ:POET) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in POET Technologies Inc. (NASDAQ:POET) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,042 shares of the company’s stock, valued at approximately $119,000.

Several other large investors have also modified their holdings of the business. Centiva Capital LP acquired a new position in shares of POET Technologies in the 3rd quarter worth approximately $134,000. Quadrature Capital Ltd acquired a new position in POET Technologies during the third quarter worth $112,000. XTX Topco Ltd acquired a new position in POET Technologies during the third quarter worth $178,000. Toronto Dominion Bank purchased a new position in shares of POET Technologies during the third quarter worth $54,000. Finally, Virtu Financial LLC acquired a new stake in shares of POET Technologies in the third quarter valued at $319,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

POET Technologies Stock Down 3.2 %

POET Technologies stock opened at $3.91 on Monday. 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 $305.25 million, a PE ratio of -6.63 and a beta of 0.60. The company’s 50 day moving average is $4.38 and its two-hundred day moving average is $4.47.

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.