Russell Investments Group Ltd. Acquires 115,674 Shares of Daqo New Energy Corp. (NYSE:DQ)

Russell Investments Group Ltd. increased its position in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 64.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 295,514 shares of the semiconductor company's stock after buying an additional 115,674 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of Daqo New Energy worth $5,745,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Daqo New Energy during the 4th quarter worth $52,000. Diametric Capital LP lifted its position in shares of Daqo New Energy by 25.5% during the 4th quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company's stock worth $311,000 after buying an additional 3,255 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Daqo New Energy by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company's stock worth $390,000 after purchasing an additional 1,410 shares during the period. Geode Capital Management LLC increased its holdings in Daqo New Energy by 9.2% during the third quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company's stock worth $683,000 after buying an additional 2,813 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Daqo New Energy by 37.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 45,788 shares of the semiconductor company's stock valued at $890,000 after acquiring an additional 12,409 shares during the last quarter. 47.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DQ shares. The Goldman Sachs Group downgraded Daqo New Energy from a "buy" rating to a "neutral" rating and set a $17.00 price objective on the stock. in a research note on Tuesday. StockNews.com raised shares of Daqo New Energy to a "sell" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Daqo New Energy presently has a consensus rating of "Moderate Buy" and an average target price of $21.21.

Daqo New Energy Price Performance

DQ stock traded down $0.13 during mid-day trading on Friday, hitting $14.00. 910,789 shares of the stock were exchanged, compared to its average volume of 1,047,656. The stock has a market capitalization of $923.83 million, a price-to-earnings ratio of -7.57 and a beta of 0.37. Daqo New Energy Corp. has a 12 month low of $12.90 and a 12 month high of $30.85. The business has a fifty day moving average price of $18.46 and a 200 day moving average price of $19.50.

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