Calamos Advisors LLC purchased a new position in Daqo New Energy Corp (NYSE:DQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 172,000 shares of the semiconductor company’s stock, valued at approximately $6,113,000. Calamos Advisors LLC owned about 1.63% of Daqo New Energy as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DQ. MML Investors Services LLC bought a new stake in Daqo New Energy in the fourth quarter worth $222,000. Renaissance Technologies LLC lifted its stake in Daqo New Energy by 51.7% in the fourth quarter. Renaissance Technologies LLC now owns 278,500 shares of the semiconductor company’s stock worth $16,554,000 after purchasing an additional 94,900 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Daqo New Energy in the fourth quarter worth $262,000. Millennium Management LLC bought a new stake in Daqo New Energy in the fourth quarter worth $6,321,000. Finally, Jane Street Group LLC bought a new stake in Daqo New Energy in the fourth quarter worth $616,000. 35.72% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on DQ shares. Roth Capital lowered their price target on shares of Daqo New Energy from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, June 14th. ValuEngine downgraded shares of Daqo New Energy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded shares of Daqo New Energy from a “strong-buy” rating to a “sell” rating in a research note on Monday, June 18th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $52.00.

Daqo New Energy opened at $37.40 on Friday, MarketBeat.com reports. The company has a quick ratio of 0.67, a current ratio of 0.76 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $380.65 million, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 1.01 and a beta of 2.13. Daqo New Energy Corp has a twelve month low of $22.55 and a twelve month high of $72.50.

Daqo New Energy (NYSE:DQ) last posted its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.53. Daqo New Energy had a net margin of 27.28% and a return on equity of 27.20%. The business had revenue of $103.30 million during the quarter, compared to the consensus estimate of $96.75 million. During the same period in the previous year, the firm posted $2.32 earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. equities analysts anticipate that Daqo New Energy Corp will post 5.11 EPS for the current fiscal year.

Daqo New Energy Profile

Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon and wafers in the People's Republic of China. It operates through two segments, Polysilicon and Wafers. The company offers polysilicon to photovoltaic product manufacturers who further process its polysilicon 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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