SG Americas Securities LLC Increases Stock Position in Daqo New Energy Corp. (NYSE:DQ)

SG Americas Securities LLC raised its position in Daqo New Energy Corp. (NYSE:DQ) by 12.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,987 shares of the semiconductor company’s stock after buying an additional 8,775 shares during the period. SG Americas Securities LLC owned about 0.10% of Daqo New Energy worth $2,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toroso Investments LLC acquired a new stake in shares of Daqo New Energy during the 3rd quarter valued at about $35,000. Mondrian Investment Partners LTD grew its holdings in Daqo New Energy by 68.4% in the second quarter. Mondrian Investment Partners LTD now owns 1,879 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 763 shares during the period. US Bancorp DE increased its position in shares of Daqo New Energy by 89.0% in the first quarter. US Bancorp DE now owns 1,981 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 933 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Daqo New Energy in the second quarter valued at approximately $145,000. Finally, Seaport Global Advisors LLC raised its stake in shares of Daqo New Energy by 20.1% during the 4th quarter. Seaport Global Advisors LLC now owns 2,781 shares of the semiconductor company’s stock worth $107,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 47.22% of the company’s stock.

Analyst Ratings Changes

Separately, Daiwa Capital Markets reissued an “underperform” rating and issued a $25.00 price target on shares of Daqo New Energy in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.23.

Daqo New Energy Trading Up 1.4 %

DQ stock opened at $26.70 on Thursday. The business’s 50-day moving average is $22.00 and its 200 day moving average is $24.68. Daqo New Energy Corp. has a 12-month low of $17.30 and a 12-month high of $49.86. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 4.94 and a beta of 0.19.

Daqo New Energy (NYSE:DQ) last issued its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.20). Daqo New Energy had a return on equity of 6.42% and a net margin of 18.24%. The firm had revenue of $477.13 million during the quarter, compared to analyst estimates of $529.40 million. During the same period in the prior year, the firm earned $4.71 earnings per share. As a group, equities analysts forecast that Daqo New Energy Corp. will post 4.06 EPS for the current fiscal year.

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.