Marshall Wace LLP Decreases Stock Holdings in Daqo New Energy Corp. (NYSE:DQ)

Marshall Wace LLP lowered its stake in Daqo New Energy Corp. (NYSE:DQ) by 86.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,468 shares of the semiconductor company’s stock after selling 155,874 shares during the quarter. Marshall Wace LLP’s holdings in Daqo New Energy were worth $456,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DQ. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Daqo New Energy in the 4th quarter valued at $52,000. Diametric Capital LP boosted its position in Daqo New Energy by 25.5% during the fourth quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 3,255 shares during the last quarter. Van ECK Associates Corp grew its stake in Daqo New Energy by 7.6% during the 4th quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company’s stock valued at $390,000 after acquiring an additional 1,410 shares in the last quarter. Polymer Capital Management HK LTD acquired a new stake in Daqo New Energy in the 4th quarter valued at about $404,000. Finally, Geode Capital Management LLC lifted its stake in Daqo New Energy by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company’s stock worth $683,000 after purchasing an additional 2,813 shares in the last quarter. Hedge funds and other institutional investors own 47.22% of the company’s stock.

Daqo New Energy Stock Up 0.8 %

Shares of NYSE DQ opened at $12.87 on Friday. The business’s 50 day moving average is $16.74 and its two-hundred day moving average is $18.90. Daqo New Energy Corp. has a 52-week low of $12.41 and a 52-week high of $30.85. The firm has a market cap of $849.51 million, a price-to-earnings ratio of -6.96 and a beta of 0.37.

Daqo New Energy (NYSE:DQ) last released its earnings results on Tuesday, April 29th. The semiconductor company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.05). Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. The business had revenue of $123.91 million for the quarter, compared to analyst estimates of $176.81 million. Analysts anticipate that Daqo New Energy Corp. will post -3.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DQ shares. HSBC downgraded Daqo New Energy from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Wednesday. StockNews.com raised shares of Daqo New Energy to a “sell” rating in a research report on Monday, April 21st. The Goldman Sachs Group lowered shares of Daqo New Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Tuesday, April 15th. Finally, Hsbc Global Res downgraded shares of Daqo New Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.01.

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.