Daqo New Energy Corp. (NYSE:DQ) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Daqo New Energy Corp. (NYSE:DQ - Free Report) by 92.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,187 shares of the semiconductor company's stock after selling 80,880 shares during the period. JPMorgan Chase & Co.'s holdings in Daqo New Energy were worth $120,000 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. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in shares of Daqo New Energy by 5,286.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company's stock worth $52,775,000 after acquiring an additional 2,664,381 shares during the period. Ariose Capital Management Ltd lifted its holdings in shares of Daqo New Energy by 27.5% during the 4th quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock worth $29,271,000 after acquiring an additional 324,585 shares during the period. American Century Companies Inc. lifted its holdings in shares of Daqo New Energy by 9.3% during the 4th quarter. American Century Companies Inc. now owns 210,738 shares of the semiconductor company's stock worth $4,097,000 after acquiring an additional 17,880 shares during the period. AI Squared Management Ltd purchased a new position in shares of Daqo New Energy during the 4th quarter worth about $1,499,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Daqo New Energy by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock worth $683,000 after acquiring an additional 2,813 shares during the period. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

Daqo New Energy Trading Down 1.2%

NYSE:DQ traded down $0.16 during trading hours on Friday, hitting $13.10. The stock had a trading volume of 620,471 shares, compared to its average volume of 1,029,546. Daqo New Energy Corp. has a 1-year low of $12.41 and a 1-year high of $30.85. The business has a 50 day simple moving average of $15.99 and a two-hundred day simple moving average of $18.64. The company has a market cap of $878.45 million, a PE ratio of -7.08 and a beta of 0.58.

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 (EPS) for the quarter, missing the consensus estimate of ($1.02) by ($0.05). Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. The firm had revenue of $123.91 million during the quarter, compared to analyst estimates of $176.81 million. Research analysts expect that Daqo New Energy Corp. will post -3.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DQ. StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a report on Monday, April 21st. Hsbc Global Res lowered shares of Daqo New Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. HSBC lowered 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 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 price target on the stock. in a report on Tuesday, April 15th. One research 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 data from MarketBeat.com, Daqo New Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.01.

Daqo New Energy Company 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.