Daqo New Energy Corp. (NYSE:DQ) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in shares of Daqo New Energy Corp. (NYSE:DQ – Get Rating) by 7.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,388 shares of the semiconductor company’s stock after selling 753 shares during the period. Guggenheim Capital LLC’s holdings in Daqo New Energy were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Daqo New Energy by 0.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 40,481 shares of the semiconductor company’s stock valued at $2,149,000 after acquiring an additional 233 shares during the period. E Fund Management Co. Ltd. lifted its stake in Daqo New Energy by 0.6% in the 3rd quarter. E Fund Management Co. Ltd. now owns 40,481 shares of the semiconductor company’s stock valued at $2,149,000 after buying an additional 233 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Daqo New Energy by 6.3% in the 1st quarter. Ensign Peak Advisors Inc now owns 4,250 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 250 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Daqo New Energy by 4.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 7,383 shares of the semiconductor company’s stock valued at $392,000 after buying an additional 288 shares in the last quarter. Finally, Pictet Asset Management SA lifted its stake in Daqo New Energy by 0.4% in the 3rd quarter. Pictet Asset Management SA now owns 73,200 shares of the semiconductor company’s stock valued at $3,885,000 after buying an additional 289 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DQ shares. StockNews.com lowered shares of Daqo New Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. The Goldman Sachs Group lowered shares of Daqo New Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $70.00 in a research note on Monday, December 5th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.00.

Daqo New Energy Stock Down 1.7 %

NYSE:DQ opened at $49.90 on Friday. The company has a fifty day simple moving average of $44.91 and a two-hundred day simple moving average of $49.75. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 2.07 and a beta of 0.52. Daqo New Energy Corp. has a 52 week low of $32.20 and a 52 week high of $77.18.

Daqo New Energy Company Profile

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Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.