Barclays PLC Sells 72,268 Shares of Daqo New Energy Corp. (NYSE:DQ)

Barclays PLC lessened its holdings in shares of Daqo New Energy Corp. (NYSE:DQ) by 86.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 11,740 shares of the semiconductor company’s stock after selling 72,268 shares during the period. Barclays PLC’s holdings in Daqo New Energy were worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DQ. Signaturefd LLC raised its position in shares of Daqo New Energy by 27.3% in the 3rd quarter. Signaturefd LLC now owns 2,809 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 602 shares during the period. Blue Trust Inc. increased its stake in Daqo New Energy by 132.3% in the third quarter. Blue Trust Inc. now owns 4,567 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,601 shares in the last quarter. AXA S.A. raised its holdings in Daqo New Energy by 202.3% in the second quarter. AXA S.A. now owns 6,387 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 4,274 shares during the period. Rhumbline Advisers boosted its position in shares of Daqo New Energy by 22.2% during the second quarter. Rhumbline Advisers now owns 8,104 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Daqo New Energy by 15.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,500 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 1,400 shares during the period. Institutional investors own 47.22% of the company’s stock.

Daqo New Energy Stock Up 0.7 %

Shares of DQ stock opened at $19.01 on Tuesday. Daqo New Energy Corp. has a 12-month low of $13.62 and a 12-month high of $30.85. The company has a market capitalization of $1.26 billion, a PE ratio of -10.28 and a beta of 0.26. The firm has a 50 day moving average price of $19.38 and a two-hundred day moving average price of $18.51.

Daqo New Energy (NYSE:DQ) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.12). Daqo New Energy had a negative return on equity of 1.90% and a negative net margin of 9.16%. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $186.90 million. During the same period in the prior year, the business posted ($0.09) EPS. As a group, research analysts expect that Daqo New Energy Corp. will post -3.5 EPS for the current year.

Analyst Upgrades and Downgrades

DQ has been the topic of several research analyst reports. Daiwa America upgraded shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Hsbc Global Res upgraded shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Daqo New Energy to a “sell” rating in a research report on Monday, September 23rd. Daiwa Capital Markets raised Daqo New Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, October 30th. Finally, HSBC upgraded Daqo New Energy from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $22.26.

Daqo New Energy Company 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.