DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Takes $3.73 Million Position in Daqo New Energy Corp. (NYSE:DQ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Daqo New Energy Corp. (NYSE:DQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 192,000 shares of the semiconductor company's stock, valued at approximately $3,732,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.29% of Daqo New Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CoreCommodity Management LLC boosted its position in Daqo New Energy by 1.6% in the 4th quarter. CoreCommodity Management LLC now owns 134,888 shares of the semiconductor company's stock valued at $2,622,000 after buying an additional 2,183 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Daqo New Energy in the 4th quarter valued at about $2,592,000. Caxton Associates LP purchased a new position in Daqo New Energy in the 4th quarter valued at about $1,534,000. Northern Trust Corp boosted its position in Daqo New Energy by 27.2% in the 4th quarter. Northern Trust Corp now owns 119,786 shares of the semiconductor company's stock valued at $2,329,000 after buying an additional 25,647 shares during the last quarter. Finally, Arosa Capital Management LP purchased a new position in Daqo New Energy in the 4th quarter valued at about $2,916,000. 47.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Daqo New Energy Trading Down 0.6%

DQ traded down $0.09 on Wednesday, hitting $14.93. 1,005,076 shares of the company's stock were exchanged, compared to its average volume of 1,035,494. The stock has a fifty day moving average of $15.80 and a two-hundred day moving average of $18.54. The firm has a market cap of $1.00 billion, a PE ratio of -8.07 and a beta of 0.58. Daqo New Energy Corp. has a twelve month low of $12.41 and a twelve month high of $30.85.

Daqo New Energy (NYSE:DQ - Get Free Report) last released its quarterly 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). The business had revenue of $123.91 million for the quarter, compared to the consensus estimate of $176.81 million. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. On average, analysts predict that Daqo New Energy Corp. will post -3.5 EPS 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.