Sylebra Capital LLC Decreases Stake in Daqo New Energy Corp. (NYSE:DQ)

Sylebra Capital LLC decreased its holdings in Daqo New Energy Corp. (NYSE:DQ - Free Report) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 719,941 shares of the semiconductor company's stock after selling 223,751 shares during the period. Daqo New Energy comprises approximately 0.5% of Sylebra Capital LLC's holdings, making the stock its 26th largest holding. Sylebra Capital LLC owned approximately 1.09% of Daqo New Energy worth $14,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in Daqo New Energy by 12,187.5% in the second quarter. Blue Trust Inc. now owns 1,966 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 1,950 shares during the last quarter. Signaturefd LLC grew its stake in Daqo New Energy by 27.3% in the third quarter. Signaturefd LLC now owns 2,809 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 602 shares during the last quarter. AXA S.A. grew its stake in Daqo New Energy by 202.3% in the second quarter. AXA S.A. now owns 6,387 shares of the semiconductor company's stock valued at $93,000 after purchasing an additional 4,274 shares during the last quarter. Rhumbline Advisers grew its stake in Daqo New Energy by 22.2% in the second quarter. Rhumbline Advisers now owns 8,104 shares of the semiconductor company's stock valued at $118,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Daqo New Energy by 37.9% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,442 shares of the semiconductor company's stock valued at $211,000 after purchasing an additional 3,970 shares during the last quarter. Hedge funds and other institutional investors own 47.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DQ. Hsbc Global Res upgraded Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 2nd. Daiwa Capital Markets raised Daqo New Energy from a "neutral" rating to an "outperform" rating in a report on Wednesday, October 30th. Nomura Securities raised Daqo New Energy to a "strong-buy" rating in a report on Wednesday, August 28th. StockNews.com raised Daqo New Energy to a "sell" rating in a report on Monday, September 23rd. Finally, HSBC raised Daqo New Energy from a "hold" rating to a "buy" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Daqo New Energy presently has a consensus rating of "Buy" and an average target price of $22.26.

Daqo New Energy Trading Down 3.6 %

Daqo New Energy stock traded down $0.71 during midday trading on Tuesday, reaching $18.74. 631,126 shares of the stock traded hands, compared to its average volume of 1,175,194. The company has a 50-day simple moving average of $21.00 and a two-hundred day simple moving average of $18.45. Daqo New Energy Corp. has a 12-month low of $13.62 and a 12-month high of $30.85. The firm has a market cap of $1.24 billion, a PE ratio of -10.13 and a beta of 0.28.

Daqo New Energy (NYSE:DQ - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.80) by ($0.12). 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 $198.50 million during the quarter, compared to analyst estimates of $186.90 million. During the same period in the prior year, the business earned ($0.09) EPS. Equities research analysts anticipate that Daqo New Energy Corp. will post -3.5 earnings per share for the current year.

Daqo New Energy Company 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.