Susquehanna Fundamental Investments LLC Buys Shares of 61,059 Daqo New Energy Corp. (NYSE:DQ)

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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Daqo New Energy during the 4th quarter valued at $52,000. Diametric Capital LP lifted its position in Daqo New Energy by 25.5% during the 4th quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company's stock valued at $311,000 after acquiring an additional 3,255 shares during the period. Van ECK Associates Corp boosted its stake in Daqo New Energy by 7.6% during the fourth quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock worth $390,000 after acquiring an additional 1,410 shares in the last quarter. Polymer Capital Management HK LTD bought a new stake in Daqo New Energy during the fourth quarter worth about $404,000. Finally, Geode Capital Management LLC grew its holdings 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 purchasing an additional 2,813 shares during the period. Hedge funds and other institutional investors own 47.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DQ. HSBC cut 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. Hsbc Global Res cut Daqo New Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price target for the company. in a research report on Tuesday, April 15th. Finally, StockNews.com raised shares of Daqo New Energy to a "sell" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.01.

Daqo New Energy Price Performance

Shares of Daqo New Energy stock traded up $0.04 during trading on Wednesday, hitting $13.15. 182,828 shares of the company's stock traded hands, compared to its average volume of 1,038,772. 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 $16.39 and a 200-day simple moving average of $18.83. The stock has a market capitalization of $867.99 million, a P/E ratio of -7.11 and a beta of 0.58.

Daqo New Energy (NYSE:DQ - Get Free Report) last announced its quarterly 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). Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. The company had revenue of $123.91 million during the quarter, compared to the consensus estimate of $176.81 million. On average, equities analysts predict that Daqo New Energy Corp. will post -3.5 earnings per share for the current fiscal 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.