Capital Impact Advisors LLC Has $106,000 Stock Position in Daqo New Energy Corp. (NYSE:DQ)

Capital Impact Advisors LLC lifted its holdings in shares of Daqo New Energy Corp. (NYSE:DQ – Get Rating) by 30.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,900 shares of the semiconductor company’s stock after purchasing an additional 442 shares during the period. Capital Impact Advisors LLC’s holdings in Daqo New Energy were worth $106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of Daqo New Energy by 12.7% in the third quarter. California State Teachers Retirement System now owns 18,339 shares of the semiconductor company’s stock worth $973,000 after purchasing an additional 2,060 shares during the last quarter. Balyasny Asset Management LLC raised its stake in Daqo New Energy by 672.3% in the third quarter. Balyasny Asset Management LLC now owns 89,852 shares of the semiconductor company’s stock worth $4,769,000 after buying an additional 78,217 shares in the last quarter. BNP Paribas Arbitrage SNC increased its stake in Daqo New Energy by 43.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 153,053 shares of the semiconductor company’s stock valued at $8,124,000 after purchasing an additional 46,175 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Daqo New Energy by 6.1% in the third quarter. Nomura Holdings Inc. now owns 5,200 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 300 shares during the period. Finally, State Street Corp increased its stake in shares of Daqo New Energy by 11.9% in the 3rd quarter. State Street Corp now owns 1,308,904 shares of the semiconductor company’s stock worth $69,448,000 after purchasing an additional 139,133 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. The Goldman Sachs Group cut shares of Daqo New Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $70.00 in a research report on Monday, December 5th. StockNews.com assumed coverage on shares of Daqo New Energy in a research note on Thursday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.00.

Daqo New Energy Trading Down 2.1 %

DQ opened at $48.22 on Friday. Daqo New Energy Corp. has a 12 month low of $36.03 and a 12 month high of $77.18. The stock has a fifty day moving average price of $45.56 and a 200-day moving average price of $49.39. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 2.00 and a beta of 0.52.

Daqo New Energy Profile

(Get Rating)

Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. It involves in the manufacture and sale of polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells, and modules for solar power solutions. The company was founded by Guang Fu Xu on November 22, 2007 and is headquartered in Shanghai, China.