Daqo New Energy’s (DQ) “Neutral” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their neutral rating on shares of Daqo New Energy (NYSE:DQ) in a report published on Tuesday, Benzinga reports. They currently have a $23.00 price target on the semiconductor company’s stock.

Separately, Daiwa Capital Markets reissued an underperform rating and set a $25.00 price objective on shares of Daqo New Energy in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $32.93.

Daqo New Energy Stock Down 10.9 %

Daqo New Energy stock opened at $19.20 on Tuesday. The stock has a market cap of $1.26 billion, a PE ratio of 3.55 and a beta of 0.22. Daqo New Energy has a 12-month low of $17.30 and a 12-month high of $48.31. The business’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $23.84.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). The company had revenue of $415.31 million during the quarter, compared to analyst estimates of $491.90 million. Daqo New Energy had a net margin of 18.24% and a return on equity of 6.42%. During the same quarter in the previous year, the business posted $3.52 earnings per share. As a group, analysts expect that Daqo New Energy will post 4.06 earnings per share for the current year.

Institutional Trading of Daqo New Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Daqo New Energy by 117.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 858 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Daqo New Energy by 39.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,348 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 664 shares during the last quarter. Signaturefd LLC increased its position in Daqo New Energy by 112.4% during the 4th quarter. Signaturefd LLC now owns 6,839 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 3,619 shares during the period. Investment House LLC bought a new position in Daqo New Energy during the 4th quarter worth approximately $266,000. Finally, Pathstone Family Office LLC lifted its position in shares of Daqo New Energy by 25.9% in the 3rd quarter. Pathstone Family Office LLC now owns 10,562 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 2,171 shares during the period. 47.22% of the stock is currently owned by institutional investors and hedge funds.

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.