FengHe Fund Management Pte. Ltd. Trims Stock Holdings in DAQO New Energy Corp. $DQ

Key Points

• FengHe Fund trimmed its DAQO New Energy stake by 56.9% in Q4, selling 267,462 shares and leaving 202,371 shares worth about $5.97 million (roughly 0.30% of the company).
• DAQO missed on the most recent quarter with EPS of ($0.11) vs. an expected ($0.04) and revenue of $221.7M vs. $276.9M, reporting a negative net margin (-25.62%) and negative ROE (2.92%); analysts forecast -0.38 EPS for the year.
• Shares opened at $22.16 (down ~3.6%), the company has a market cap of $1.5B and 47.22% institutional ownership, while the consensus analyst rating is "Hold" with a $25.43 target.

FengHe Fund Management Pte. Ltd. trimmed its holdings in DAQO New Energy Corp. (NYSE:DQ - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,371 shares of the semiconductor company's stock after selling 267,462 shares during the quarter. FengHe Fund Management Pte. Ltd. owned approximately 0.30% of DAQO New Energy worth $5,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in DAQO New Energy during the 3rd quarter valued at $26,000. Farther Finance Advisors LLC raised its position in DAQO New Energy by 1,650.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,330 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,254 shares in the last quarter. Headlands Technologies LLC bought a new stake in DAQO New Energy during the 2nd quarter valued at $29,000. Pinpoint Asset Management Singapore Pte. Ltd. raised its position in DAQO New Energy by 777.7% during the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 2,633 shares of the semiconductor company's stock valued at $74,000 after purchasing an additional 2,333 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in DAQO New Energy by 134.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,800 shares of the semiconductor company's stock valued at $201,000 after purchasing an additional 3,900 shares in the last quarter. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on DQ. New Street Research set a $18.13 target price on DAQO New Energy in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of DAQO New Energy in a research report on Friday, March 27th. Finally, Glj Research lowered DAQO New Energy from a "buy" rating to a "sell" rating and decreased their target price for the company from $30.51 to $18.13 in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.43.

DAQO New Energy Trading Down 3.6%

Shares of NYSE:DQ opened at $22.16 on Tuesday. DAQO New Energy Corp. has a 12-month low of $12.40 and a 12-month high of $36.59. The business's fifty day simple moving average is $22.39 and its 200-day simple moving average is $26.68. The company has a market capitalization of $1.50 billion, a PE ratio of -8.73 and a beta of 0.80.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). DAQO New Energy had a negative net margin of 25.62% and a negative return on equity of 2.92%. The company had revenue of $221.71 million during the quarter, compared to analysts' expectations of $276.94 million. Research analysts predict that DAQO New Energy Corp. will post -0.38 EPS for the current year.

About DAQO New Energy

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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