Daqo New Energy Corp. (NYSE:DQ) Holdings Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in Daqo New Energy Corp. (NYSE:DQ) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,640,386 shares of the semiconductor company’s stock after buying an additional 1,593 shares during the period. Franklin Resources Inc. owned 4.00% of Daqo New Energy worth $51,329,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Daqo New Energy in the 4th quarter worth $52,000. Van ECK Associates Corp raised its position in Daqo New Energy by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company’s stock worth $390,000 after acquiring an additional 1,410 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Daqo New Energy by 9.2% in the 3rd quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 2,813 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Daqo New Energy by 37.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,788 shares of the semiconductor company’s stock valued at $890,000 after purchasing an additional 12,409 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Daqo New Energy in the 3rd quarter worth approximately $1,053,000. Institutional investors and hedge funds own 47.22% of the company’s stock.

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 company has a market cap of $1.02 billion, a PE ratio of -8.39 and a beta of 0.41. The firm has a 50 day simple moving average of $19.48 and a 200 day simple moving average of $19.77.

Daqo New Energy (NYSE:DQ) last issued its earnings results on Thursday, February 27th. The semiconductor company reported ($2.71) EPS for the quarter, missing the consensus estimate 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 return on equity of 1.90% and a negative net margin of 9.16%. On average, equities analysts predict that Daqo New Energy Corp. will post -3.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Daqo New Energy to a “sell” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has given 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 currently has an average rating of “Buy” and an average target price 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.