Daqo New Energy Corp. (NYSE:DQ) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,786 shares of the semiconductor company's stock after purchasing an additional 25,647 shares during the quarter. Northern Trust Corp owned 0.18% of Daqo New Energy worth $2,329,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Daqo New Energy in the 4th quarter worth approximately $52,000. Diametric Capital LP increased its position in shares of Daqo New Energy by 25.5% during the fourth 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 stake in Daqo New Energy by 7.6% in the fourth 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 last quarter. Polymer Capital Management HK LTD purchased a new stake in Daqo New Energy in the 4th quarter worth about $404,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Daqo New Energy by 37.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,788 shares of the semiconductor company's stock worth $890,000 after buying an additional 12,409 shares during the period. 47.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DQ. Wall Street Zen raised shares of Daqo New Energy to a "sell" rating in a report on Monday, April 21st. HSBC lowered shares of Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price objective for the company. in a report on Wednesday, April 30th. Hsbc Global Res cut Daqo New Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.01.

Daqo New Energy Price Performance

DQ traded down $0.13 on Friday, reaching $13.70. 57,196 shares of the stock were exchanged, compared to its average volume of 1,010,834. The company's 50-day moving average price is $14.61 and its 200 day moving average price is $17.83. The firm has a market capitalization of $918.35 million, a PE ratio of -7.40 and a beta of 0.58. Daqo New Energy Corp. has a fifty-two week low of $12.41 and a fifty-two week high of $30.85.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $123.91 million during the quarter, compared to analyst estimates of $176.81 million. As a group, equities analysts forecast that Daqo New Energy Corp. will post -3.5 earnings per share for the current fiscal 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.