Daqo New Energy Corp. (NYSE:DQ) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Daqo New Energy Corp. (NYSE:DQ - Free Report) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,732 shares of the semiconductor company's stock after purchasing an additional 33,031 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Daqo New Energy worth $2,765,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in Daqo New Energy in the second quarter valued at approximately $11,080,000. Sylebra Capital LLC grew its holdings in Daqo New Energy by 103.9% during the 2nd quarter. Sylebra Capital LLC now owns 943,692 shares of the semiconductor company's stock valued at $13,778,000 after purchasing an additional 480,980 shares in the last quarter. Ariose Capital Management Ltd increased its stake in Daqo New Energy by 23.9% during the 2nd quarter. Ariose Capital Management Ltd now owns 1,181,124 shares of the semiconductor company's stock worth $17,244,000 after buying an additional 228,200 shares during the period. Marshall Wace LLP lifted its holdings in Daqo New Energy by 112.3% in the 2nd quarter. Marshall Wace LLP now owns 322,635 shares of the semiconductor company's stock worth $4,710,000 after buying an additional 170,660 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Daqo New Energy by 6.4% in the 2nd quarter. Mackenzie Financial Corp now owns 2,496,997 shares of the semiconductor company's stock worth $36,456,000 after buying an additional 149,610 shares in the last quarter. Institutional investors and hedge funds own 47.22% of the company's stock.

Daqo New Energy Stock Up 0.3 %

Shares of DQ traded up $0.05 during mid-day trading on Friday, hitting $18.39. The stock had a trading volume of 691,965 shares, compared to its average volume of 1,168,436. Daqo New Energy Corp. has a fifty-two week low of $13.62 and a fifty-two week high of $30.85. The company has a market cap of $1.21 billion, a PE ratio of -9.94 and a beta of 0.28. The company's fifty day simple moving average is $20.73 and its two-hundred day simple moving average is $18.42.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DQ shares. Hsbc Global Res raised Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group dropped their price objective on Daqo New Energy from $38.40 to $34.05 and set a "buy" rating on the stock in a report on Monday, August 26th. StockNews.com raised Daqo New Energy to a "sell" rating in a research report on Monday, September 23rd. Daiwa Capital Markets upgraded Daqo New Energy from a "neutral" rating to an "outperform" rating in a research note on Wednesday, October 30th. Finally, HSBC upgraded shares of Daqo New Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.