Tyler Stone Wealth Management Acquires 190,000 Shares of POET Technologies Inc. (NASDAQ:POET)

Tyler Stone Wealth Management boosted its position in shares of POET Technologies Inc. (NASDAQ:POET - Free Report) by 234.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 271,000 shares of the company's stock after purchasing an additional 190,000 shares during the quarter. Tyler Stone Wealth Management owned about 0.38% of POET Technologies worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Ratings Changes

Separately, Craig Hallum boosted their target price on POET Technologies from $3.00 to $3.50 and gave the stock a "buy" rating in a research report on Thursday, September 12th.

POET Technologies Price Performance

Shares of POET Technologies stock traded down $0.19 during trading on Friday, hitting $4.04. 1,436,354 shares of the company were exchanged, compared to its average volume of 1,139,561. POET Technologies Inc. has a 1-year low of $0.72 and a 1-year high of $5.60. The firm's fifty day moving average price is $3.76 and its 200 day moving average price is $2.93.

POET Technologies (NASDAQ:POET - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). On average, equities analysts anticipate that POET Technologies Inc. will post -0.45 EPS for the current 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.