Daqo New Energy Corp. (NYSE:DQ) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 86.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,740 shares of the semiconductor company's stock after selling 72,268 shares during the period. Barclays PLC's holdings in Daqo New Energy were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Daqo New Energy during the third quarter worth about $1,053,000. Wellington Management Group LLP grew its holdings in shares of Daqo New Energy by 26.0% in the 3rd quarter. Wellington Management Group LLP now owns 128,422 shares of the semiconductor company's stock worth $2,616,000 after acquiring an additional 26,462 shares during the period. Wexford Capital LP increased its stake in Daqo New Energy by 395.7% in the 3rd quarter. Wexford Capital LP now owns 164,809 shares of the semiconductor company's stock valued at $3,357,000 after purchasing an additional 131,564 shares in the last quarter. State Street Corp raised its holdings in Daqo New Energy by 1.1% during the third quarter. State Street Corp now owns 842,921 shares of the semiconductor company's stock worth $17,170,000 after purchasing an additional 8,983 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Daqo New Energy by 66.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,000 shares of the semiconductor company's stock worth $285,000 after purchasing an additional 5,570 shares during the last quarter. Hedge funds and other institutional investors own 47.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 2nd. Daiwa Capital Markets upgraded shares of Daqo New Energy from a "neutral" rating to an "outperform" rating in a report on Wednesday, October 30th. StockNews.com upgraded shares of Daqo New Energy to a "sell" rating in a research report on Monday, September 23rd. HSBC upgraded shares of Daqo New Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, October 2nd. Finally, Daiwa America raised Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $22.26.

Daqo New Energy Stock Up 0.0 %

Shares of DQ traded up $0.01 on Monday, hitting $20.86. 969,117 shares of the stock traded hands, compared to its average volume of 961,666. Daqo New Energy Corp. has a 1 year low of $13.62 and a 1 year high of $30.85. The stock's 50 day moving average is $19.95 and its two-hundred day moving average is $18.22. The firm has a market capitalization of $1.38 billion, a P/E ratio of -11.28 and a beta of 0.26.

Daqo New Energy (NYSE:DQ - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates of ($0.80) by ($0.12). The business had revenue of $198.50 million for the quarter, compared to analysts' expectations of $186.90 million. Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. During the same period in the prior year, the company earned ($0.09) EPS. Research analysts forecast that Daqo New Energy Corp. will post -3.5 EPS 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.