MMCAP International Inc. SPC Sells 2,059,035 Shares of POET Technologies Inc. $POET

MMCAP International Inc. SPC cut its stake in POET Technologies Inc. (NASDAQ:POET) by 57.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,526,205 shares of the company’s stock after selling 2,059,035 shares during the period. MMCAP International Inc. SPC’s holdings in POET Technologies were worth $9,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in POET. Raymond James Financial Inc. grew its stake in shares of POET Technologies by 75.1% in the third quarter. Raymond James Financial Inc. now owns 413,333 shares of the company’s stock worth $2,290,000 after acquiring an additional 177,341 shares during the period. Jump Financial LLC bought a new stake in shares of POET Technologies in the second quarter worth approximately $619,000. Virtu Financial LLC bought a new stake in shares of POET Technologies in the third quarter worth approximately $382,000. Woodstock Corp bought a new stake in shares of POET Technologies in the fourth quarter worth approximately $430,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of POET Technologies in the fourth quarter worth approximately $421,000. 1.99% of the stock is currently owned by institutional investors.

POET Technologies Trading Down 8.5%

POET opened at $13.35 on Wednesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -18.54 and a beta of 0.53. The company’s 50 day moving average is $9.24 and its 200 day moving average is $7.28. POET Technologies Inc. has a 12-month low of $3.87 and a 12-month high of $20.81.

POET Technologies (NASDAQ:POET) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $0.50 million during the quarter, compared to analysts’ expectations of $0.25 million. POET Technologies had a negative return on equity of 27.24% and a negative net margin of 5,786.60%. As a group, analysts predict that POET Technologies Inc. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

POET has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of POET Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of POET Technologies in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $8.00.

POET Technologies News Roundup

Here are the key news stories impacting POET Technologies this week:

• Positive Sentiment: No material positive company-specific catalyst was highlighted in the latest articles.
• Neutral Sentiment: Multiple law firms issued reminders about a securities class action against POET Technologies, with lead-plaintiff deadlines set for June 29, 2026. These notices mainly repeat that investors who bought shares during the alleged class period may be eligible to pursue claims. Article Title
• Neutral Sentiment: Similar class-action reminders were published by Faruqi & Faruqi, Pomerantz, Robbins LLP, The Gross Law Firm, and Bronstein, Gewirtz & Grossman, reinforcing ongoing litigation over alleged investor harm. Article Title
• Negative Sentiment: Market commentary says the stock is sliding on dilution worries tied to a fresh capital raise, along with recent short-seller allegations. That combination can weigh on sentiment by raising concerns about shareholder dilution and possible credibility issues. Article Title

About POET Technologies

POET Technologies Inc is a Canadian fabless semiconductor company focused on the development and commercialization of integrated silicon photonics platforms. Leveraging proprietary POET Optical Interposer™ technology, the company designs and manufactures optical input/output (I/O) solutions that enable high-bandwidth, low-power data transmission between electronic chips and fiber-optic networks. By integrating optical waveguides, lasers, detectors and electronic drivers onto a single chip, POET aims to address the growing demand for faster, more energy-efficient data connectivity in telecommunications, data centers and high-performance computing applications.

The company’s core products include silicon photonics interposer arrays, active optical cables and optical transceiver modules.