Symmetry Investments LP Makes New Investment in Daqo New Energy Corp. (NYSE:DQ)

Symmetry Investments LP acquired a new position in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 53,500 shares of the semiconductor company's stock, valued at approximately $1,040,000. Symmetry Investments LP owned 0.08% of Daqo New Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DQ. Continental General Insurance Co. boosted its holdings in Daqo New Energy by 5.8% in the 4th 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. Prudential PLC bought a new stake in shares of Daqo New Energy in the fourth quarter valued at approximately $14,775,000. AI Squared Management Ltd acquired a new stake in Daqo New Energy during the fourth quarter worth approximately $1,499,000. Ariose Capital Management Ltd increased its stake in Daqo New Energy by 27.5% during the 4th 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 period. Finally, American Century Companies Inc. raised its holdings in Daqo New Energy by 9.3% in the 4th quarter. American Century Companies Inc. now owns 210,738 shares of the semiconductor company's stock valued at $4,097,000 after acquiring an additional 17,880 shares in the last quarter. Institutional investors and hedge funds own 47.22% of the company's stock.

Daqo New Energy Trading Down 0.2 %

Daqo New Energy stock traded down $0.02 during midday trading on Monday, reaching $14.77. The company's stock had a trading volume of 188,271 shares, compared to its average volume of 1,052,410. The stock has a market cap of $974.73 million, a PE ratio of -7.98 and a beta of 0.37. Daqo New Energy Corp. has a 52 week low of $12.90 and a 52 week high of $30.85. The business has a 50-day moving average price of $17.58 and a 200-day moving average price of $19.12.

Daqo New Energy (NYSE:DQ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The semiconductor company reported ($2.71) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.69) by ($2.02). The company had revenue of $195.36 million for the quarter, compared to analyst estimates of $153.54 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. As a group, research analysts predict that Daqo New Energy Corp. will post -3.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on DQ. The Goldman Sachs Group lowered Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 target price on the stock. in a report on Tuesday, April 15th. StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Daqo New Energy has an average rating of "Moderate Buy" and an average price target of $21.21.

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.