POET Technologies (NASDAQ:POET) Hits New 12-Month High – Still a Buy?

POET Technologies Inc. (NASDAQ:POET)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.65 and last traded at $18.51, with a volume of 37496238 shares traded. The stock had previously closed at $14.37.

Trending Headlines about POET Technologies

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

• Positive Sentiment: POET announced a supply agreement and strategic joint development partnership with Lumilens to advance wafer-level photonic integration for next-generation AI optical networks, a development that could support future commercialization and growth in its AI infrastructure business. POET Technologies and Lumilens Advance Wafer-Level Photonic Integration for Next-Generation AI Optical Networks
• Positive Sentiment: Traders also reacted to earlier news that POET appointed Sandeep Kumar as chief operating officer, with the hire seen as a step toward scaling operations in Malaysia for high-volume production. POET Technologies Announces Appointment of Sandeep Kumar as Chief Operating Officer
• Neutral Sentiment: Multiple law firms, including Faruqi & Faruqi, Bernstein Liebhard, Rosen, Bragar Eagel & Squire, Robbins, Bronstein Gewirtz & Grossman, Pomerantz, and Levi & Korsinsky, issued class-action and lead-plaintiff deadline reminders tied to alleged disclosure issues for investors who bought shares between April 1 and April 27, 2026. These notices add legal overhang, but they are largely procedural at this stage. POET Investor Notice: Faruqi & Faruqi, LLP Reminds POET Technologies (POET) Investors of Securities Class Action Deadline on June 29, 2026
• Neutral Sentiment: Several reports repeated claims that investors may have suffered losses and urged them to contact plaintiffs’ firms, reinforcing the presence of litigation risk rather than providing new business fundamentals. POET Class Action Alert: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against POET Technologies, Inc.

Analysts Set New Price Targets

A number of equities analysts have issued reports on POET shares. Wall Street Zen downgraded shares of POET Technologies from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of POET Technologies in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell” and an average price target of $8.00.

POET Technologies Stock Up 35.6%

The stock has a 50-day moving average of $7.76 and a 200 day moving average of $6.75. The company has a market capitalization of $2.57 billion, a PE ratio of -35.04 and a beta of 0.53.

Institutional Investors Weigh In On POET Technologies

Hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec boosted its holdings in shares of POET Technologies by 33.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 618,604 shares of the company’s stock worth $3,910,000 after buying an additional 155,428 shares during the last quarter. Private Advisor Group LLC bought a new stake in POET Technologies in the fourth quarter worth about $2,707,000. Raymond James Financial Inc. raised its position in 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. Royal Bank of Canada lifted its stake in POET Technologies by 55.1% in the fourth quarter. Royal Bank of Canada now owns 124,468 shares of the company’s stock valued at $788,000 after purchasing an additional 44,205 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of POET Technologies during the 2nd quarter worth $619,000. 1.99% of the stock is currently owned by institutional investors.

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.