2,700 Shares in Daqo New Energy Corp. (NYSE:DQ) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Daqo New Energy Corp. (NYSE:DQ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,700 shares of the semiconductor company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DQ. Van ECK Associates Corp boosted its stake in Daqo New Energy by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 18,657 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 764 shares during the last quarter. KBC Group NV boosted its stake in Daqo New Energy by 12.9% during the 3rd quarter. KBC Group NV now owns 25,244 shares of the semiconductor company’s stock worth $514,000 after purchasing an additional 2,877 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Daqo New Energy by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,500 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 1,400 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Daqo New Energy by 57.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 74,571 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 27,223 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Daqo New Energy by 32.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,732 shares of the semiconductor company’s stock worth $2,765,000 after purchasing an additional 33,031 shares during the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.

Daqo New Energy Trading Up 0.8 %

Shares of DQ stock opened at $19.07 on Monday. The company’s 50-day moving average price is $19.84 and its 200-day moving average price is $19.33. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -10.31 and a beta of 0.41. Daqo New Energy Corp. has a twelve month low of $13.62 and a twelve month high of $30.85.

Daqo New Energy (NYSE:DQ) last posted its earnings results on Thursday, February 27th. The semiconductor company reported ($2.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($2.02). Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. The company had revenue of $195.36 million during the quarter, compared to analyst estimates of $153.54 million. As a group, equities research analysts predict that Daqo New Energy Corp. will post -3.5 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Daqo New Energy to a “sell” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $22.26.

About Daqo New Energy

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.