Virtu Financial LLC trimmed its position in POET Technologies Inc. (NASDAQ:POET – Free Report) by 70.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,472 shares of the company’s stock after selling 50,283 shares during the period. Virtu Financial LLC’s holdings in POET Technologies were worth $128,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of POET. Centiva Capital LP purchased a new stake in shares of POET Technologies in the 3rd quarter valued at about $134,000. Quadrature Capital Ltd bought a new stake in shares of POET Technologies during the 3rd quarter worth $112,000. XTX Topco Ltd bought a new position in POET Technologies in the third quarter valued at $178,000. Toronto Dominion Bank bought a new stake in POET Technologies during the third quarter worth about $54,000. Finally, HB Wealth Management LLC bought a new stake in POET Technologies in the 4th quarter worth approximately $89,000. 1.99% of the stock is currently owned by institutional investors.
POET Technologies Price Performance
POET opened at $3.91 on Monday. POET Technologies Inc. has a one year low of $1.00 and a one year high of $7.79. The firm has a market capitalization of $305.25 million, a price-to-earnings ratio of -6.63 and a beta of 0.60. The business has a 50 day simple moving average of $4.38 and a two-hundred day simple moving average of $4.47.
Wall Street Analysts Forecast Growth
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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.
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