Ariose Capital Management Ltd Boosts Holdings in DAQO New Energy Corp. $DQ

Key Points

• Ariose Capital Management Ltd increased its stake in DAQO New Energy by 35% in Q4 to 457,155 shares (about 0.68% of the company), worth $13.49 million and making it Ariose's 8th-largest holding (≈4.5% of its portfolio).
• DAQO reported Q4 EPS of ($0.11) versus consensus ($0.04) and revenue of $221.7M versus $276.9M expected, producing a negative net margin (25.62%) and negative return on equity.
• Analyst sentiment is mixed with an average rating of "Hold" and a $25.43 average price target; the stock trades near $22.97 with a market cap of roughly $1.54 billion and a 52-week range of $12.40–$36.59.

Ariose Capital Management Ltd lifted its position in DAQO New Energy Corp. (NYSE:DQ - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 457,155 shares of the semiconductor company's stock after purchasing an additional 118,500 shares during the quarter. DAQO New Energy accounts for approximately 4.5% of Ariose Capital Management Ltd's holdings, making the stock its 8th biggest holding. Ariose Capital Management Ltd owned approximately 0.68% of DAQO New Energy worth $13,486,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Waterfront Wealth Inc. grew its holdings in shares of DAQO New Energy by 7.3% in the 4th quarter. Waterfront Wealth Inc. now owns 54,555 shares of the semiconductor company's stock worth $1,609,000 after purchasing an additional 3,725 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of DAQO New Energy in the 4th quarter worth about $331,000. Farther Finance Advisors LLC grew its holdings in shares of DAQO New Energy by 1,650.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,330 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,254 shares during the last quarter. Polunin Capital Partners Ltd grew its holdings in shares of DAQO New Energy by 13.6% in the 4th quarter. Polunin Capital Partners Ltd now owns 1,458,705 shares of the semiconductor company's stock worth $43,032,000 after purchasing an additional 174,747 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in DAQO New Energy by 118.6% during the 4th quarter. SG Americas Securities LLC now owns 42,788 shares of the semiconductor company's stock worth $1,262,000 after buying an additional 272,568 shares in the last quarter. Institutional investors own 47.22% of the company's stock.

DAQO New Energy Price Performance

Shares of NYSE:DQ opened at $22.97 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -9.04 and a beta of 0.80. The firm's 50 day simple moving average is $22.44 and its 200 day simple moving average is $26.74. DAQO New Energy Corp. has a fifty-two week low of $12.40 and a fifty-two week high of $36.59.

DAQO New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The semiconductor company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). The firm had revenue of $221.71 million during the quarter, compared to analyst estimates of $276.94 million. DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.92%. Equities research analysts expect that DAQO New Energy Corp. will post -0.38 earnings per share for the current year.

Analyst Ratings Changes

DQ has been the topic of several research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of DAQO New Energy in a research report on Friday, March 27th. Glj Research downgraded shares of DAQO New Energy from a "buy" rating to a "sell" rating and reduced their price target for the stock from $30.51 to $18.13 in a research report on Tuesday, February 3rd. Finally, New Street Research set a $18.13 target price on shares of DAQO New Energy in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.43.

DAQO New Energy Company Profile

DAQO New Energy Corp. operates as a leading manufacturer of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic industry. The company focuses on serving module makers and integrated solar producers with critical upstream materials, applying proprietary technologies and optimized processes to achieve high product purity and consistently low production costs. Its core offerings include solar-grade polysilicon—used in the ingot casting and wafer slicing stages—and premium mono-silicon wafers, which are a key input for high-efficiency solar cell production.

Founded in the late 2000s and listed on the New York Stock Exchange in 2010, DAQO New Energy established its first polysilicon facility in China's Xinjiang Uygur Autonomous Region.

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