POET Technologies (NASDAQ:POET) Now Covered by Northland Securities

Northland Securities started coverage on shares of POET Technologies (NASDAQ:POET) in a report released on Monday, MarketBeat 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 stock a “buy” rating in a research note on Thursday, September 12th.

POET Technologies Trading Up 0.3 %

POET opened at $3.65 on Monday. POET Technologies has a fifty-two week low of $0.72 and a fifty-two week high of $5.60. The company’s 50-day moving average price is $3.86 and its 200 day moving average price is $2.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank bought a new position in POET Technologies in the 3rd quarter worth about $54,000. Quadrature Capital Ltd bought a new position in POET Technologies in the 3rd quarter worth about $112,000. Centiva Capital LP bought a new position in POET Technologies in the 3rd quarter worth about $134,000. XTX Topco Ltd bought a new position in POET Technologies in the 3rd quarter worth about $178,000. Finally, SevenBridge Financial Group LLC grew its position in POET Technologies by 92.8% in the 3rd quarter. SevenBridge Financial Group LLC now owns 118,709 shares of the company’s stock worth $527,000 after purchasing an additional 57,125 shares during the last quarter. Institutional investors own 1.99% of the company’s stock.

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.