78,933 Shares in Daqo New Energy Corp. (NYSE:DQ) Bought by Caxton Associates LP

Caxton Associates LP acquired a new position in Daqo New Energy Corp. (NYSE:DQ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 78,933 shares of the semiconductor company's stock, valued at approximately $1,534,000. Caxton Associates LP owned about 0.12% of Daqo New Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Daqo New Energy during the 4th quarter valued at $52,000. Diametric Capital LP lifted its stake in shares of Daqo New Energy by 25.5% in the 4th quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company's stock valued at $311,000 after acquiring an additional 3,255 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Daqo New Energy by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock valued at $390,000 after acquiring an additional 1,410 shares during the period. Polymer Capital Management HK LTD bought a new position in Daqo New Energy during the 4th quarter worth approximately $404,000. Finally, Geode Capital Management LLC raised its holdings in Daqo New Energy by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock valued at $683,000 after buying an additional 2,813 shares during the last quarter. 47.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DQ has been the topic of a number of research analyst reports. Hsbc Global Res downgraded Daqo New Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. StockNews.com raised shares of Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. The Goldman Sachs Group cut shares of Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 target price for the company. in a research report on Tuesday, April 15th. Finally, HSBC downgraded shares of Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price target for the company. in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Daqo New Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.01.

Daqo New Energy Stock Down 1.2 %

Shares of NYSE:DQ traded down $0.16 on Friday, hitting $13.10. 620,471 shares of the company traded hands, compared to its average volume of 1,029,546. The stock has a 50 day simple moving average of $15.99 and a 200-day simple moving average of $18.67. The company has a market cap of $878.45 million, a PE ratio of -7.08 and a beta of 0.58. Daqo New Energy Corp. has a 52 week low of $12.41 and a 52 week high of $30.85.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.05). Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. The business had revenue of $123.91 million during the quarter, compared to analysts' expectations of $176.81 million. As a group, sell-side analysts anticipate that Daqo New Energy Corp. will post -3.5 earnings per share for the current year.

Daqo New Energy Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp.