30,000 Shares in Daqo New Energy Corp (NYSE:DQ) Bought by Banco Santander S.A.

Banco Santander S.A. bought a new position in Daqo New Energy Corp (NYSE:DQ) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 30,000 shares of the semiconductor company’s stock, valued at approximately $1,383,000.

Other institutional investors also recently made changes to their positions in the company. Morgan Stanley raised its holdings in Daqo New Energy by 63.8% during the second quarter. Morgan Stanley now owns 573,297 shares of the semiconductor company’s stock valued at $24,290,000 after acquiring an additional 223,193 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in Daqo New Energy by 250.6% during the second quarter. Harvest Fund Management Co. Ltd now owns 454,211 shares of the semiconductor company’s stock valued at $19,245,000 after acquiring an additional 324,657 shares during the period. Handelsbanken Fonder AB raised its holdings in Daqo New Energy by 27.0% during the third quarter. Handelsbanken Fonder AB now owns 206,823 shares of the semiconductor company’s stock valued at $9,532,000 after acquiring an additional 43,989 shares during the period. BlackRock Inc. raised its holdings in Daqo New Energy by 6.0% during the second quarter. BlackRock Inc. now owns 197,507 shares of the semiconductor company’s stock valued at $8,368,000 after acquiring an additional 11,153 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Daqo New Energy by 1,524.3% during the second quarter. JPMorgan Chase & Co. now owns 59,141 shares of the semiconductor company’s stock valued at $2,468,000 after acquiring an additional 55,500 shares during the period. 37.61% of the stock is currently owned by institutional investors.

DQ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Daqo New Energy in a report on Thursday. They set an “overweight” rating and a $50.00 price target on the stock. ValuEngine raised Daqo New Energy from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Roth Capital reissued a “buy” rating on shares of Daqo New Energy in a report on Wednesday, August 14th. Finally, Zacks Investment Research raised Daqo New Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th.

NYSE:DQ opened at $39.04 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $41.36 and its two-hundred day simple moving average is $42.42. The stock has a market cap of $439.87 million, a PE ratio of 18.28, a P/E/G ratio of 0.75 and a beta of 1.64. Daqo New Energy Corp has a 52 week low of $20.84 and a 52 week high of $53.49.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings results on Tuesday, November 12th. The semiconductor company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.24. The business had revenue of $83.91 million for the quarter, compared to analysts’ expectations of $85.60 million. Daqo New Energy had a return on equity of 5.65% and a net margin of 6.79%. During the same period last year, the firm earned $0.32 earnings per share. Sell-side analysts anticipate that Daqo New Energy Corp will post 1.86 earnings per share for the current fiscal year.

About Daqo New Energy

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon into ingots, wafers, cells, and modules for solar power solutions.

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

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