Boston Partners Takes Position in Daqo New Energy Corp. (NYSE:DQ)

Boston Partners acquired a new position in Daqo New Energy Corp. (NYSE:DQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 75,802 shares of the semiconductor company's stock, valued at approximately $2,016,000. Boston Partners owned about 0.10% of Daqo New Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its position in Daqo New Energy by 23.8% in 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 last quarter. Invesco Ltd. grew its holdings in Daqo New Energy by 6.9% in the 3rd quarter. Invesco Ltd. now owns 1,658,153 shares of the semiconductor company's stock worth $50,192,000 after acquiring an additional 107,235 shares during the last quarter. Andra AP fonden increased its position in shares of Daqo New Energy by 48.1% in the third quarter. Andra AP fonden now owns 133,700 shares of the semiconductor company's stock valued at $4,047,000 after acquiring an additional 43,400 shares during the period. SG Americas Securities LLC raised its stake in shares of Daqo New Energy by 12.2% during the fourth quarter. SG Americas Securities LLC now owns 80,987 shares of the semiconductor company's stock valued at $2,154,000 after acquiring an additional 8,775 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Daqo New Energy by 75.2% during the third quarter. UBS Group AG now owns 328,745 shares of the semiconductor company's stock worth $9,951,000 after purchasing an additional 141,079 shares during the period. Hedge funds and other institutional investors own 47.22% of the company's stock.

Daqo New Energy Stock Down 1.2 %

Shares of NYSE:DQ traded down $0.23 during trading on Friday, hitting $18.71. The stock had a trading volume of 658,590 shares, compared to its average volume of 1,066,047. Daqo New Energy Corp. has a 12 month low of $17.30 and a 12 month high of $43.66. The company has a market capitalization of $1.24 billion, a PE ratio of 8.78 and a beta of 0.32. The firm's fifty day moving average is $23.80 and its 200 day moving average is $23.24.

Daqo New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings data on Monday, April 29th. The semiconductor company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.32). Daqo New Energy had a net margin of 7.84% and a return on equity of 2.46%. The firm had revenue of $415.31 million for the quarter, compared to analysts' expectations of $491.90 million. During the same period in the prior year, the business posted $3.52 EPS. Equities research analysts expect that Daqo New Energy Corp. will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DQ has been the subject of several research analyst reports. Roth Mkm reiterated a "neutral" rating and issued a $23.00 price objective on shares of Daqo New Energy in a report on Tuesday, April 30th. Daiwa Capital Markets reaffirmed an "underperform" rating and issued a $25.00 price target on shares of Daqo New Energy in a research note on Friday, March 15th. Finally, HSBC reiterated a "reduce" rating and issued a $17.50 price target (down previously from $23.50) on shares of Daqo New Energy in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $27.63.

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.