Cerity Partners LLC Purchases Shares of 3,512 Daqo New Energy Corp. (NYSE:DQ)

Cerity Partners LLC purchased a new stake in Daqo New Energy Corp. (NYSE:DQGet Rating) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,512 shares of the semiconductor company’s stock, valued at approximately $250,000.

Several other large investors have also recently bought and sold shares of DQ. E Fund Management Hong Kong Co. Ltd. raised its holdings in Daqo New Energy by 137.6% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 34,476 shares of the semiconductor company’s stock valued at $1,483,000 after acquiring an additional 19,965 shares during the period. Signaturefd LLC raised its holdings in Daqo New Energy by 239.8% in the 1st quarter. Signaturefd LLC now owns 2,759 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,947 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Daqo New Energy by 19.9% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 45,304 shares of the semiconductor company’s stock valued at $1,872,000 after acquiring an additional 7,532 shares during the period. abrdn plc raised its holdings in Daqo New Energy by 12.0% in the 1st quarter. abrdn plc now owns 13,040 shares of the semiconductor company’s stock valued at $562,000 after acquiring an additional 1,402 shares during the period. Finally, Shell Asset Management Co. increased its holdings in shares of Daqo New Energy by 112.4% during the first quarter. Shell Asset Management Co. now owns 25,700 shares of the semiconductor company’s stock worth $1,062,000 after purchasing an additional 13,600 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DQ. Daiwa Capital Markets cut shares of Daqo New Energy from an “outperform” rating to a “neutral” rating in a report on Thursday, September 15th. StockNews.com began coverage on shares of Daqo New Energy in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Daqo New Energy Trading Down 1.6 %

Shares of DQ opened at $52.25 on Tuesday. The firm’s 50 day moving average is $51.69 and its 200-day moving average is $57.63. The stock has a market capitalization of $3.89 billion, a PE ratio of 2.45 and a beta of 0.31. Daqo New Energy Corp. has a 12 month low of $32.20 and a 12 month high of $77.18.

Daqo New Energy Profile

(Get Rating)

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures 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.

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Institutional Ownership by Quarter for Daqo New Energy (NYSE:DQ)

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