POET Technologies Inc. (NASDAQ:POET – Get Rating) – Analysts at Zacks Small Cap lowered their Q3 2022 earnings per share (EPS) estimates for shares of POET Technologies in a note issued to investors on Wednesday, August 10th. Zacks Small Cap analyst L. Thompson now expects that the company will post earnings of ($0.15) per share for the quarter, down from their prior estimate of ($0.10). The consensus estimate for POET Technologies' current full-year earnings is ($0.63) per share. Zacks Small Cap also issued estimates for POET Technologies' Q4 2022 earnings at ($0.17) EPS, FY2022 earnings at ($0.64) EPS and FY2023 earnings at ($0.57) EPS.

POET has been the subject of several other research reports. Craig Hallum started coverage on shares of POET Technologies in a research report on Wednesday, May 25th. They set a "buy" rating and a $11.00 price target for the company. HC Wainwright reduced their price target on shares of POET Technologies from $10.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday.

POET Technologies Trading Up 1.1 %

Institutional Investors Weigh In On POET Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of POET Technologies during the 1st quarter valued at about $96,000. JPMorgan Chase & Co. purchased a new stake in POET Technologies in the 1st quarter worth approximately $118,000. Royal Bank of Canada purchased a new stake in POET Technologies in the 1st quarter worth approximately $162,000. Scotia Capital Inc. purchased a new stake in POET Technologies in the 1st quarter worth approximately $278,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in POET Technologies in the 1st quarter worth approximately $874,000.

About POET Technologies

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POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, and Singapore. 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 and packaging methods.

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