Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Daqo New Energy Corp. (NYSE:DQ)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Daqo New Energy Corp. (NYSE:DQ) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,700 shares of the semiconductor company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Greenwoods Asset Management Hong Kong Ltd. increased its stake in Daqo New Energy by 5,286.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,714,780 shares of the semiconductor company’s stock worth $52,775,000 after purchasing an additional 2,664,381 shares during the period. Ariose Capital Management Ltd increased its stake in Daqo New Energy by 27.5% during the fourth quarter. Ariose Capital Management Ltd now owns 1,505,709 shares of the semiconductor company’s stock worth $29,271,000 after purchasing an additional 324,585 shares during the period. State Street Corp increased its stake in Daqo New Energy by 1.1% during the third quarter. State Street Corp now owns 842,921 shares of the semiconductor company’s stock worth $17,170,000 after purchasing an additional 8,983 shares during the period. Wexford Capital LP increased its stake in Daqo New Energy by 395.7% during the third quarter. Wexford Capital LP now owns 164,809 shares of the semiconductor company’s stock worth $3,357,000 after purchasing an additional 131,564 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Daqo New Energy by 32.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,732 shares of the semiconductor company’s stock worth $2,765,000 after purchasing an additional 33,031 shares during the period. 47.22% of the stock is currently owned by hedge funds and other institutional investors.

Daqo New Energy Stock Performance

DQ stock opened at $19.07 on Monday. The company’s 50 day moving average price is $19.84 and its 200 day moving average price is $19.33. Daqo New Energy Corp. has a fifty-two week low of $13.62 and a fifty-two week high of $30.85. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -10.31 and a beta of 0.41.

Daqo New Energy (NYSE:DQ) last announced its quarterly earnings results on Thursday, February 27th. The semiconductor company reported ($2.71) earnings per share (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%. Equities analysts forecast that Daqo New Energy Corp. will post -3.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Daqo New Energy to a “sell” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.26.

Daqo New Energy 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.