Himension Capital Singapore PTE. LTD. Sells 28,799 Shares of Daqo New Energy Corp. (NYSE:DQ)

Himension Capital Singapore PTE. LTD. lessened its position in Daqo New Energy Corp. (NYSE:DQ) by 56.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,310 shares of the semiconductor company’s stock after selling 28,799 shares during the period. Himension Capital Singapore PTE. LTD.’s holdings in Daqo New Energy were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Daqo New Energy by 64.3% in the 4th quarter. Russell Investments Group Ltd. now owns 295,514 shares of the semiconductor company’s stock worth $5,745,000 after purchasing an additional 115,674 shares in the last quarter. Prudential PLC purchased a new stake in shares of Daqo New Energy during the 4th quarter valued at about $14,775,000. Diametric Capital LP increased its stake in shares of Daqo New Energy by 25.5% in the 4th quarter. Diametric Capital LP now owns 16,018 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 3,255 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Daqo New Energy by 37.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,788 shares of the semiconductor company’s stock valued at $890,000 after acquiring an additional 12,409 shares during the period. Finally, AI Squared Management Ltd purchased a new position in shares of Daqo New Energy during the 4th quarter valued at $1,499,000. Hedge funds and other institutional investors own 47.22% of the company’s stock.

Daqo New Energy Stock Performance

DQ stock opened at $15.52 on Friday. Daqo New Energy Corp. has a one year low of $13.62 and a one year high of $30.85. The firm’s fifty day moving average is $19.48 and its 200 day moving average is $19.79. The firm has a market cap of $1.02 billion, a PE ratio of -8.39 and a beta of 0.37.

Daqo New Energy (NYSE:DQ) last issued 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). The business had revenue of $195.36 million during the quarter, compared to analyst estimates of $153.54 million. Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. Research analysts predict that Daqo New Energy Corp. will post -3.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Daqo New Energy to a “sell” rating in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently 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.