Oaktree Fund Advisors LLC Has $657,000 Stock Holdings in Daqo New Energy Corp. (NYSE:DQ)

Oaktree Fund Advisors LLC decreased its position in shares of Daqo New Energy Corp. (NYSE:DQ) by 18.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,793 shares of the semiconductor company’s stock after selling 7,814 shares during the period. Daqo New Energy comprises 1.1% of Oaktree Fund Advisors LLC’s holdings, making the stock its 19th largest holding. Oaktree Fund Advisors LLC’s holdings in Daqo New Energy were worth $657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Daqo New Energy during the 4th quarter worth $52,000. Daiwa Securities Group Inc. boosted its holdings in Daqo New Energy by 15.4% in the third quarter. Daiwa Securities Group Inc. now owns 10,500 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 1,400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Daqo New Energy by 66.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,000 shares of the semiconductor company’s stock worth $285,000 after buying an additional 5,570 shares during the last quarter. Van ECK Associates Corp raised its holdings in Daqo New Energy by 7.6% during the fourth quarter. Van ECK Associates Corp now owns 20,067 shares of the semiconductor company’s stock valued at $390,000 after buying an additional 1,410 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Daqo New Energy by 9.2% in the third quarter. Geode Capital Management LLC now owns 33,546 shares of the semiconductor company’s stock worth $683,000 after buying an additional 2,813 shares during the last quarter. Hedge funds and other institutional investors own 47.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Daqo New Energy to a “sell” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Daqo New Energy has an average rating of “Buy” and an average target price of $22.26.

Daqo New Energy Stock Performance

Daqo New Energy stock opened at $18.56 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of -10.03 and a beta of 0.41. The business’s 50-day simple moving average is $19.56 and its 200-day simple moving average is $19.74. Daqo New Energy Corp. has a 52 week low of $13.62 and a 52 week high of $30.85.

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 analysts’ consensus estimates of ($0.69) by ($2.02). Daqo New Energy had a negative net margin of 9.16% and a negative return on equity of 1.90%. The firm had revenue of $195.36 million during the quarter, compared to analyst estimates of $153.54 million. Research analysts forecast that Daqo New Energy Corp. will post -3.5 earnings per share for the current year.

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.