Daqo New Energy (NYSE:DQ) Receives Neutral Rating from Roth Mkm

Daqo New Energy (NYSE:DQ - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at Roth Mkm in a report released on Tuesday, Benzinga reports. They presently have a $23.00 price target on the semiconductor company's stock. Roth Mkm's target price would indicate a potential upside of 19.79% from the company's previous close.

Separately, Daiwa Capital Markets reiterated an "underperform" rating and issued a $25.00 price objective on shares of Daqo New Energy in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $32.93.

Daqo New Energy Stock Down 10.9 %

Shares of Daqo New Energy stock traded down $2.35 during trading on Tuesday, hitting $19.20. 1,541,561 shares of the stock traded hands, compared to its average volume of 1,217,793. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 3.55 and a beta of 0.22. The firm's fifty day moving average is $24.55 and its 200-day moving average is $23.84. Daqo New Energy has a 52 week low of $17.30 and a 52 week high of $48.31.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.32). The company had revenue of $415.31 million for the quarter, compared to analysts' expectations of $491.90 million. Daqo New Energy had a net margin of 18.24% and a return on equity of 6.42%. During the same quarter in the prior year, the company earned $3.52 earnings per share. On average, analysts forecast that Daqo New Energy will post 4.06 earnings per share for the current fiscal year.

Institutional Trading of Daqo New Energy

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Daqo New Energy by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 2,728,399 shares of the semiconductor company's stock valued at $72,575,000 after purchasing an additional 53,860 shares during the period. Mackenzie Financial Corp grew its holdings in Daqo New Energy by 23.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,794,353 shares of the semiconductor company's stock valued at $47,730,000 after purchasing an additional 344,616 shares during the period. Invesco Ltd. grew its holdings in Daqo New Energy by 6.9% during the third quarter. Invesco Ltd. now owns 1,658,153 shares of the semiconductor company's stock valued at $50,192,000 after purchasing an additional 107,235 shares during the period. Oaktree Capital Management LP grew its holdings in Daqo New Energy by 31.2% during the third quarter. Oaktree Capital Management LP now owns 1,350,410 shares of the semiconductor company's stock valued at $40,877,000 after purchasing an additional 320,789 shares during the period. Finally, Ariose Capital Management Ltd grew its holdings in Daqo New Energy by 19.1% during the first quarter. Ariose Capital Management Ltd now owns 952,924 shares of the semiconductor company's stock valued at $26,825,000 after purchasing an additional 152,800 shares during the period. Hedge funds and other institutional investors own 47.22% of the company's stock.

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.