Daqo New Energy Corp. (NYSE:DQ) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Daqo New Energy Corp. (NYSE:DQFree Report) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,204 shares of the semiconductor company’s stock after buying an additional 65,772 shares during the quarter. Hsbc Holdings PLC owned approximately 0.28% of Daqo New Energy worth $5,826,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DQ. Quadrant Capital Group LLC increased its position in shares of Daqo New Energy by 39.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,348 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 664 shares in the last quarter. Signaturefd LLC increased its position in shares of Daqo New Energy by 112.4% during the fourth quarter. Signaturefd LLC now owns 6,839 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 3,619 shares in the last quarter. Investment House LLC purchased a new stake in shares of Daqo New Energy during the fourth quarter worth approximately $266,000. Pathstone Family Office LLC increased its position in shares of Daqo New Energy by 25.9% during the third quarter. Pathstone Family Office LLC now owns 10,562 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 2,171 shares in the last quarter. Finally, U S Global Investors Inc. purchased a new stake in shares of Daqo New Energy during the fourth quarter worth approximately $399,000. 47.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DQ has been the subject of several research reports. Roth Mkm reiterated a “neutral” rating and set a $23.00 price target on shares of Daqo New Energy in a research report on Tuesday, April 30th. Daiwa Capital Markets restated an “underperform” rating and issued a $25.00 target price on shares of Daqo New Energy in a report on Friday, March 15th. Finally, HSBC restated a “reduce” rating and issued a $17.50 target price (down from $23.50) on shares of Daqo New Energy in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Daqo New Energy currently has an average rating of “Hold” and an average price target of $27.63.

Read Our Latest Analysis on Daqo New Energy

Daqo New Energy Stock Down 3.2 %

Shares of NYSE:DQ opened at $21.92 on Wednesday. The business has a fifty day moving average of $22.29 and a two-hundred day moving average of $22.72. The stock has a market cap of $1.45 billion, a P/E ratio of 10.29 and a beta of 0.35. Daqo New Energy Corp. has a 52-week low of $17.30 and a 52-week high of $43.66.

Daqo New Energy (NYSE:DQGet Free Report) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). The business had revenue of $415.31 million for the quarter, compared to analysts’ expectations of $491.90 million. Daqo New Energy had a return on equity of 2.46% and a net margin of 7.84%. During the same quarter in the prior year, the company posted $3.52 earnings per share. On average, equities analysts anticipate that Daqo New Energy Corp. will post 0.98 earnings per share for the current year.

Daqo New Energy Company Profile

(Free Report)

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.

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

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