Polymer Capital Management HK LTD Invests $404,000 in Daqo New Energy Corp. (NYSE:DQ)

Polymer Capital Management HK LTD purchased a new stake in Daqo New Energy Corp. (NYSE:DQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,800 shares of the semiconductor company's stock, valued at approximately $404,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DQ. Prudential PLC bought a new stake in shares of Daqo New Energy in the 4th quarter valued at approximately $14,775,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Daqo New Energy by 32.2% in the third 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 buying an additional 33,031 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Daqo New Energy during the third quarter worth $1,053,000. AI Squared Management Ltd bought a new position in Daqo New Energy during the fourth quarter valued at $1,499,000. Finally, Ariose Capital Management Ltd raised its stake 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 acquiring an additional 324,585 shares during the period. Hedge funds and other institutional investors own 47.22% of the company's stock.

Daqo New Energy Trading Up 0.9 %

Shares of NYSE DQ traded up $0.12 during mid-day trading on Friday, reaching $13.76. The company had a trading volume of 1,374,864 shares, compared to its average volume of 1,046,290. Daqo New Energy Corp. has a 52 week low of $12.90 and a 52 week high of $30.85. The business's 50-day moving average is $18.95 and its 200-day moving average is $19.64. The stock has a market cap of $908.52 million, a price-to-earnings ratio of -7.44 and a beta of 0.37.

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

Analysts Set New Price Targets

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

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.