American Century Companies Inc. Has $4.10 Million Stock Position in Daqo New Energy Corp. (NYSE:DQ)

American Century Companies Inc. boosted its stake in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,738 shares of the semiconductor company's stock after purchasing an additional 17,880 shares during the quarter. American Century Companies Inc. owned about 0.32% of Daqo New Energy worth $4,097,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Daqo New Energy in the fourth quarter valued at about $52,000. Greenwoods Asset Management Hong Kong Ltd. raised its stake in Daqo New Energy by 5,286.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company's stock worth $52,775,000 after acquiring an additional 2,664,381 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $390,000 after acquiring an additional 1,410 shares during the period. Ariose Capital Management Ltd boosted its stake in shares of Daqo New Energy by 27.5% in the 4th quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company's stock valued at $29,271,000 after purchasing an additional 324,585 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Daqo New Energy by 9.2% during the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock worth $683,000 after acquiring an additional 2,813 shares during the last quarter. Institutional investors own 47.22% of the company's stock.

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Daqo New Energy Price Performance

Daqo New Energy stock traded down $0.94 during mid-day trading on Thursday, hitting $13.63. 1,390,903 shares of the company's stock traded hands, compared to its average volume of 1,042,939. The stock has a market cap of $899.35 million, a price-to-earnings ratio of -7.36 and a beta of 0.37. The firm has a 50 day simple moving average of $19.06 and a two-hundred day simple moving average of $19.66. Daqo New Energy Corp. has a fifty-two week low of $12.90 and a fifty-two week high of $30.85.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Daqo New Energy to a "sell" rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $22.26.

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.