Acadian Asset Management LLC boosted its position in shares of Daqo New Energy Corp (NYSE:DQ) by 204.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,275 shares of the semiconductor company’s stock after purchasing an additional 265,634 shares during the period. Acadian Asset Management LLC’s holdings in Daqo New Energy were worth $23,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Daqo New Energy during the 4th quarter worth $577,000. Susquehanna International Group LLP acquired a new position in Daqo New Energy during the 3rd quarter worth $490,000. Granite Point Capital Management L.P. acquired a new position in Daqo New Energy during the 3rd quarter worth $290,000. Dymon Asia Capital Ltd. grew its holdings in Daqo New Energy by 46.6% during the 3rd quarter. Dymon Asia Capital Ltd. now owns 203,867 shares of the semiconductor company’s stock worth $5,916,000 after acquiring an additional 64,850 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Daqo New Energy by 29,376.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,887 shares of the semiconductor company’s stock worth $852,000 after acquiring an additional 28,789 shares in the last quarter. 27.38% of the stock is owned by institutional investors and hedge funds.

Daqo New Energy Corp (NYSE DQ) opened at $61.00 on Friday. Daqo New Energy Corp has a fifty-two week low of $18.01 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.57 and a quick ratio of 0.49. The company has a market cap of $616.64, a PE ratio of 10.39, a PEG ratio of 1.63 and a beta of 2.13.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.81. Daqo New Energy had a net margin of 21.42% and a return on equity of 21.51%. The business had revenue of $89.37 million during the quarter, compared to analyst estimates of $74.90 million. analysts anticipate that Daqo New Energy Corp will post 7.18 earnings per share for the current fiscal year.

Several brokerages have weighed in on DQ. TheStreet raised shares of Daqo New Energy from a “c+” rating to a “b” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Daqo New Energy from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Monday, November 20th. Finally, Roth Capital set a $65.00 price target on shares of Daqo New Energy and gave the company a “buy” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $51.67.

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Daqo New Energy Company 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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Institutional Ownership by Quarter for Daqo New Energy (NYSE:DQ)

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