Susquehanna Fundamental Investments LLC Invests $1.19 Million in Daqo New Energy Corp. (NYSE:DQ)

Susquehanna Fundamental Investments LLC acquired a new stake in Daqo New Energy Corp. (NYSE:DQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,059 shares of the semiconductor company's stock, valued at approximately $1,187,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of Daqo New Energy as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of Daqo New Energy by 5,286.6% in 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 buying an additional 2,664,381 shares in the last quarter. Prudential PLC bought a new position in shares of Daqo New Energy in the 4th quarter valued at about $14,775,000. Ariose Capital Management Ltd increased its stake in Daqo New Energy by 27.5% during the fourth 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 last quarter. Continental General Insurance Co. raised its position in Daqo New Energy by 5.8% during the fourth quarter. Continental General Insurance Co. now owns 5,916,202 shares of the semiconductor company's stock valued at $115,011,000 after purchasing an additional 322,084 shares during the period. Finally, Polymer Capital Management US LLC bought a new stake in shares of Daqo New Energy in the 4th quarter valued at approximately $3,983,000. Institutional investors own 47.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts 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 target on the stock. in a report on Tuesday, April 15th. StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a report on Monday, April 21st. Hsbc Global Res downgraded shares of Daqo New Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, HSBC lowered shares of Daqo New Energy from a "buy" rating to a "hold" rating and set a $14.00 price objective on the stock. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued 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, Daqo New Energy currently has an average rating of "Moderate Buy" and a consensus price target of $21.01.

Daqo New Energy Stock Up 0.8 %

DQ stock traded up $0.10 during trading on Friday, hitting $12.87. The company had a trading volume of 573,473 shares, compared to its average volume of 1,045,204. Daqo New Energy Corp. has a 52-week low of $12.41 and a 52-week high of $30.85. The company has a 50 day simple moving average of $16.74 and a 200-day simple moving average of $18.91. The firm has a market capitalization of $849.51 million, a P/E ratio of -6.96 and a beta of 0.37.

Daqo New Energy (NYSE:DQ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $176.81 million. Sell-side analysts forecast that Daqo New Energy Corp. will post -3.5 earnings per share for the current year.

About Daqo New Energy

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.