Sensato Investors LLC purchased a new stake in shares of Daqo New Energy Corp (NYSE:DQ) in the fourth quarter, HoldingsChannel reports. The firm purchased 12,437 shares of the semiconductor company’s stock, valued at approximately $739,000.
A number of other large investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in Daqo New Energy by 204.9% during the 4th quarter. Acadian Asset Management LLC now owns 395,275 shares of the semiconductor company’s stock valued at $23,494,000 after buying an additional 265,634 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Daqo New Energy by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 330,829 shares of the semiconductor company’s stock valued at $19,664,000 after buying an additional 21,537 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Daqo New Energy by 51.7% in the 4th quarter. Renaissance Technologies LLC now owns 278,500 shares of the semiconductor company’s stock worth $16,554,000 after purchasing an additional 94,900 shares in the last quarter. Bogle Investment Management L P DE bought a new position in Daqo New Energy in the 4th quarter worth $14,529,000. Finally, Dymon Asia Capital Ltd. raised its holdings in Daqo New Energy by 46.6% in the 3rd quarter. Dymon Asia Capital Ltd. now owns 203,867 shares of the semiconductor company’s stock worth $5,916,000 after purchasing an additional 64,850 shares in the last quarter. Institutional investors own 29.57% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Daqo New Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th. Tudor Pickering lowered shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Roth Capital set a $65.00 price objective on shares of Daqo New Energy and gave the stock a “buy” rating in a report on Monday, December 4th. Finally, TheStreet upgraded shares of Daqo New Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.50.
Daqo New Energy (NYSE:DQ) last released its earnings results on Wednesday, February 28th. The semiconductor company reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.77. The firm had revenue of $103.68 million for the quarter, compared to the consensus estimate of $95.25 million. Daqo New Energy had a net margin of 26.31% and a return on equity of 27.82%. The company’s revenue was up 124.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. sell-side analysts predict that Daqo New Energy Corp will post 5.88 earnings per share for the current fiscal year.
About Daqo New Energy
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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