Virtu Financial LLC purchased a new stake in Daqo New Energy Corp (NYSE:DQ) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,489 shares of the semiconductor company’s stock, valued at approximately $1,277,000.
Other large investors have also modified their holdings of the company. Acadian Asset Management LLC grew its position in Daqo New Energy by 204.9% during the fourth quarter. Acadian Asset Management LLC now owns 395,275 shares of the semiconductor company’s stock worth $23,494,000 after buying an additional 265,634 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Daqo New Energy during the fourth quarter worth about $6,955,000. Dymon Asia Capital Ltd. grew its position in Daqo New Energy by 46.6% during the third quarter. Dymon Asia Capital Ltd. now owns 203,867 shares of the semiconductor company’s stock worth $5,916,000 after buying an additional 64,850 shares in the last quarter. JPMorgan Chase & Co. grew its position in Daqo New Energy by 29,376.5% during the third quarter. JPMorgan Chase & Co. now owns 28,887 shares of the semiconductor company’s stock worth $852,000 after buying an additional 28,789 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Daqo New Energy during the third quarter worth about $490,000. 35.15% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Roth Capital set a $50.00 target price on Daqo New Energy and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded Daqo New Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, TheStreet raised Daqo New Energy from a “c+” rating to a “b” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.50.
Shares of Daqo New Energy Corp (DQ) opened at $61.91 on Friday. Daqo New Energy Corp has a 1 year low of $18.01 and a 1 year high of $72.50. The firm has a market capitalization of $651.18, a PE ratio of 10.55, a P/E/G ratio of 1.60 and a beta of 1.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.49 and a current ratio of 0.57.
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Daqo New Energy Profile
Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions.
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