Himension Capital Singapore PTE. LTD. Has $434,000 Stock Holdings in Daqo New Energy Corp. (NYSE:DQ)

Himension Capital Singapore PTE. LTD. lessened its stake in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,310 shares of the semiconductor company's stock after selling 28,799 shares during the period. Himension Capital Singapore PTE. LTD.'s holdings in Daqo New Energy were worth $434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DQ. Prudential PLC purchased a new position in shares of Daqo New Energy in the fourth quarter worth approximately $14,775,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Daqo New Energy by 32.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,732 shares of the semiconductor company's stock worth $2,765,000 after purchasing an additional 33,031 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Daqo New Energy during the 3rd quarter worth approximately $1,053,000. AI Squared Management Ltd acquired a new stake in Daqo New Energy during the 4th quarter valued at $1,499,000. Finally, Ariose Capital Management Ltd lifted its holdings in shares of Daqo New Energy by 27.5% in the fourth 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. Institutional investors and hedge funds own 47.22% of the company's stock.

Daqo New Energy Stock Down 2.8 %

Shares of DQ traded down $0.39 during midday trading on Friday, reaching $13.25. 689,267 shares of the stock were exchanged, compared to its average volume of 1,041,704. The company has a market cap of $874.72 million, a price-to-earnings ratio of -7.15 and a beta of 0.37. The firm has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $19.66. Daqo New Energy Corp. has a 12-month low of $12.90 and a 12-month high of $30.85.

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Daqo New Energy (NYSE:DQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The semiconductor company reported ($2.71) EPS for the quarter, missing the consensus estimate of ($0.69) by ($2.02). The business had revenue of $195.36 million during 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%. Research analysts expect that Daqo New Energy Corp. will post -3.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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