Barclays PLC Has $1.57 Million Stock Position in Daqo New Energy Corp. (NYSE:DQ)

Barclays PLC grew its stake in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 587.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,750 shares of the semiconductor company's stock after purchasing an additional 69,010 shares during the period. Barclays PLC owned approximately 0.12% of Daqo New Energy worth $1,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in shares of Daqo New Energy by 5,286.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company's stock valued at $52,775,000 after acquiring an additional 2,664,381 shares during the last quarter. Prudential PLC purchased a new position in shares of Daqo New Energy in the 4th quarter valued at $14,775,000. Ariose Capital Management Ltd raised its position in Daqo New Energy by 27.5% in the fourth quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock valued at $29,271,000 after purchasing an additional 324,585 shares during the period. Continental General Insurance Co. lifted its position in Daqo New Energy by 5.8% during the 4th quarter. Continental General Insurance Co. now owns 5,916,202 shares of the semiconductor company's stock worth $115,011,000 after acquiring an additional 322,084 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in shares of Daqo New Energy during the fourth quarter worth $3,983,000. 47.22% of the stock is currently owned by institutional investors and hedge funds.

Daqo New Energy Stock Down 1.6 %

Shares of NYSE DQ traded down $0.21 during mid-day trading on Thursday, hitting $12.79. 137,932 shares of the company traded hands, compared to its average volume of 878,673. Daqo New Energy Corp. has a 1 year low of $12.40 and a 1 year high of $30.85. The business has a 50 day moving average of $16.24 and a two-hundred day moving average of $18.79. The stock has a market capitalization of $844.23 million, a price-to-earnings ratio of -6.91 and a beta of 0.58.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $176.81 million. As a group, research analysts anticipate that Daqo New Energy Corp. will post -3.5 EPS for the current year.

Analysts Set New Price Targets

DQ has been the subject of a number of 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 upgraded shares of Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. The Goldman Sachs Group lowered Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price target on the stock. in a report on Tuesday, April 15th. Finally, HSBC cut Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 target price on the stock. in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Daqo New Energy has an average rating of "Moderate Buy" and an average price target of $21.01.

About Daqo New Energy

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.