Marshall Wace LLP Sells 155,874 Shares of Daqo New Energy Corp. (NYSE:DQ)

Marshall Wace LLP lessened its position in Daqo New Energy Corp. (NYSE:DQ - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,468 shares of the semiconductor company's stock after selling 155,874 shares during the period. Marshall Wace LLP's holdings in Daqo New Energy were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DQ. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Daqo New Energy during the 4th quarter worth about $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 worth $311,000 after buying an additional 3,255 shares during the period. Van ECK Associates Corp boosted its position in shares of Daqo New Energy by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock worth $390,000 after purchasing an additional 1,410 shares in the last quarter. Polymer Capital Management HK LTD purchased a new position in shares of Daqo New Energy during the fourth quarter valued at approximately $404,000. Finally, Geode Capital Management LLC raised its position in Daqo New Energy by 9.2% in the third 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 owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price objective for the company. in a research note on Tuesday, April 15th. StockNews.com upgraded Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. Hsbc Global Res cut shares of Daqo New Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, HSBC downgraded Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price target on the stock. in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.01.

Daqo New Energy Stock Down 2.6 %

Daqo New Energy stock traded down $0.35 during midday trading on Friday, hitting $12.91. The company's stock had a trading volume of 233,491 shares, compared to its average volume of 1,036,386. The stock's 50-day moving average price is $16.13 and its 200-day moving average price is $18.74. Daqo New Energy Corp. has a 12 month low of $12.41 and a 12 month high of $30.85. The company has a market capitalization of $852.15 million, a PE ratio of -6.98 and a beta of 0.58.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.05). The firm had revenue of $123.91 million during the quarter, compared to analyst estimates of $176.81 million. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. As a group, equities analysts anticipate that Daqo New Energy Corp. will post -3.5 EPS for the current 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.