Gordian Capital Singapore Pte Ltd Buys Shares of 50,000 DAQO New Energy Corp. $DQ

Key Points

• Gordian Capital Singapore bought a new position of 50,000 shares of DAQO New Energy in Q3 valued at about $1.406 million, making it roughly 1.9% of the firm's portfolio and its 18th largest holding.
• DAQO reported ($0.11) EPS (missing the ($0.04) consensus) and revenue of $221.71 million versus an expected $276.94 million, with a negative net margin of 25.62% and negative return on equity of 2.92%.
• Analysts have a consensus rating of Hold with a $25.43 average target; the stock trades in a 12‑month range of $12.40–$36.59 and has a market cap of about $1.55 billion.

Gordian Capital Singapore Pte Ltd purchased a new position in DAQO New Energy Corp. (NYSE:DQ - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the semiconductor company's stock, valued at approximately $1,406,000. DAQO New Energy accounts for about 1.9% of Gordian Capital Singapore Pte Ltd's portfolio, making the stock its 18th largest position. Gordian Capital Singapore Pte Ltd owned 0.07% of DAQO New Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of DAQO New Energy in the 2nd quarter worth $29,000. Pinpoint Asset Management Singapore Pte. Ltd. raised its holdings in DAQO New Energy by 777.7% in the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 2,633 shares of the semiconductor company's stock worth $74,000 after purchasing an additional 2,333 shares during the period. Fox Run Management L.L.C. purchased a new position in DAQO New Energy during the third quarter valued at $231,000. Dimensional Fund Advisors LP bought a new stake in DAQO New Energy during the third quarter valued at about $279,000. Finally, Marex Group plc bought a new stake in DAQO New Energy during the second quarter valued at about $356,000. Hedge funds and other institutional investors own 47.22% of the company's stock.

DAQO New Energy Stock Up 1.6%

NYSE DQ opened at $23.07 on Wednesday. DAQO New Energy Corp. has a twelve month low of $12.40 and a twelve month high of $36.59. The business has a 50-day moving average price of $25.28 and a 200-day moving average price of $27.94. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -9.08 and a beta of 0.68.

DAQO New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Thursday, February 26th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $221.71 million for the quarter, compared to the consensus estimate of $276.94 million. Research analysts expect that DAQO New Energy Corp. will post -3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DQ has been the topic of several recent research reports. New Street Research set a $18.13 price objective on DAQO New Energy in a research note on Tuesday, February 3rd. Glj Research lowered shares of DAQO New Energy from a "buy" rating to a "sell" rating and reduced their target price for the stock from $30.51 to $18.13 in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of DAQO New Energy in a report on Monday, December 29th. One research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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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