Daqo New Energy Corp. (NYSE:DQ) Shares Purchased by Wexford Capital LP

Wexford Capital LP grew its holdings in Daqo New Energy Corp. (NYSE:DQ - Free Report) by 395.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,809 shares of the semiconductor company's stock after buying an additional 131,564 shares during the quarter. Wexford Capital LP owned 0.25% of Daqo New Energy worth $3,357,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in Daqo New Energy by 12,187.5% in the 2nd quarter. Blue Trust Inc. now owns 1,966 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 1,950 shares in the last quarter. Signaturefd LLC increased its stake in shares of Daqo New Energy by 27.3% during the third quarter. Signaturefd LLC now owns 2,809 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 602 shares in the last quarter. AXA S.A. raised its position in shares of Daqo New Energy by 202.3% during the 2nd quarter. AXA S.A. now owns 6,387 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 4,274 shares during the last quarter. Rhumbline Advisers lifted its stake in Daqo New Energy by 22.2% in the 2nd quarter. Rhumbline Advisers now owns 8,104 shares of the semiconductor company's stock valued at $118,000 after buying an additional 1,470 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Daqo New Energy by 37.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,442 shares of the semiconductor company's stock worth $211,000 after buying an additional 3,970 shares during the last quarter. 47.22% of the stock is owned by institutional investors and hedge funds.

Daqo New Energy Trading Down 7.9 %

DQ traded down $1.56 during trading hours on Friday, reaching $18.08. The company's stock had a trading volume of 2,162,605 shares, compared to its average volume of 859,914. Daqo New Energy Corp. has a fifty-two week low of $13.62 and a fifty-two week high of $30.85. The business's 50-day moving average is $21.06 and its 200-day moving average is $18.50.

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

Analysts Set New Price Targets

A number of equities analysts have commented on DQ shares. StockNews.com raised Daqo New Energy to a "sell" rating in a report on Monday, September 23rd. Daiwa America raised Daqo New Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Daiwa Capital Markets raised shares of Daqo New Energy from a "neutral" rating to an "outperform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their target price on shares of Daqo New Energy from $38.40 to $34.05 and set a "buy" rating for the company in a research report on Monday, August 26th. Finally, Roth Mkm lowered their price target on shares of Daqo New Energy from $23.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $22.26.

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.