Himension Capital Singapore PTE. LTD. Lowers Stock Holdings in Daqo New Energy Corp. (NYSE:DQ)

Himension Capital Singapore PTE. LTD. reduced its position in Daqo New Energy Corp. (NYSE:DQ) by 56.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Greenwoods Asset Management Hong Kong Ltd. raised its position in shares of Daqo New Energy by 5,286.6% during the 4th quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company’s stock valued at $52,775,000 after acquiring an additional 2,664,381 shares in the last quarter. Ariose Capital Management Ltd lifted its holdings in Daqo New Energy by 27.5% in the 4th quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company’s stock valued at $29,271,000 after acquiring an additional 324,585 shares during the last quarter. State Street Corp lifted its holdings in shares of Daqo New Energy by 1.1% during the third quarter. State Street Corp now owns 842,921 shares of the semiconductor company’s stock valued at $17,170,000 after purchasing an additional 8,983 shares during the last quarter. Prudential PLC acquired a new position in shares of Daqo New Energy in the fourth quarter worth about $14,775,000. Finally, Russell Investments Group Ltd. raised its stake in Daqo New Energy by 64.3% during the 4th quarter. Russell Investments Group Ltd. now owns 295,514 shares of the semiconductor company’s stock valued at $5,745,000 after purchasing an additional 115,674 shares during the period. Institutional investors and hedge funds own 47.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Daqo New Energy to a “sell” rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Daqo New Energy has a consensus rating of “Buy” and a consensus target price of $22.26.

Daqo New Energy Stock Performance

Shares of NYSE DQ opened at $15.52 on Friday. Daqo New Energy Corp. has a 52 week low of $13.62 and a 52 week high of $30.85. The stock has a market capitalization of $1.02 billion, a PE ratio of -8.39 and a beta of 0.37. The stock has a 50 day moving average price of $19.48 and a 200 day moving average price of $19.79.

Daqo New Energy (NYSE:DQ) last posted its quarterly 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 company 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%. As a group, research analysts forecast that Daqo New Energy Corp. will post -3.5 EPS for the current year.

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.