Waddell & Associates LLC Takes Position in POET Technologies Inc. (NASDAQ:POET)

Waddell & Associates LLC acquired a new stake in shares of POET Technologies Inc. (NASDAQ:POET) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 26,639 shares of the company’s stock, valued at approximately $159,000.

Several other large investors have also made changes to their positions in POET. Defender Capital LLC. bought a new stake in POET Technologies during the 4th quarter worth about $61,000. Toronto Dominion Bank bought a new position in shares of POET Technologies during the third quarter worth $54,000. Polymer Capital Management US LLC bought a new position in POET Technologies during the fourth quarter worth about $77,000. HB Wealth Management LLC bought a new position in POET Technologies in the fourth quarter valued at approximately $89,000. Finally, JPMorgan Chase & Co. acquired a new position in POET Technologies in the 4th quarter worth $94,000. Institutional investors own 1.99% of the company’s stock.

POET Technologies Stock Down 3.6 %

Shares of POET opened at $3.21 on Wednesday. POET Technologies Inc. has a twelve month low of $1.00 and a twelve month high of $7.79. The stock has a market capitalization of $250.62 million, a P/E ratio of -5.44 and a beta of 0.48. The company has a 50 day moving average of $4.15 and a 200-day moving average of $4.48.

POET Technologies (NASDAQ:POET) last released its earnings results 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 company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. On average, sell-side analysts anticipate that POET Technologies Inc. will post -0.45 earnings per share for the current fiscal year.

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.