Susquehanna International Group LLP bought a new position in Daqo New Energy Corp (NYSE:DQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,896 shares of the semiconductor company’s stock, valued at approximately $490,000. Susquehanna International Group LLP owned 0.16% of Daqo New Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Daqo New Energy by 264.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,767 shares of the semiconductor company’s stock valued at $161,000 after purchasing an additional 5,636 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Daqo New Energy in the 2nd quarter valued at about $210,000. Granite Point Capital Management L.P. purchased a new position in shares of Daqo New Energy in the 3rd quarter valued at about $290,000. JPMorgan Chase & Co. increased its holdings in shares of Daqo New Energy by 29,376.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,887 shares of the semiconductor company’s stock valued at $852,000 after purchasing an additional 28,789 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Daqo New Energy by 243.5% in the 1st quarter. Morgan Stanley now owns 100,534 shares of the semiconductor company’s stock valued at $1,888,000 after purchasing an additional 71,264 shares in the last quarter. Institutional investors own 27.38% of the company’s stock.

Daqo New Energy Corp (DQ) opened at $47.17 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.49 and a debt-to-equity ratio of 0.34. Daqo New Energy Corp has a twelve month low of $18.01 and a twelve month high of $58.49. The firm has a market cap of $496.13, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.94 and a beta of 2.05.

A number of brokerages have recently issued reports on DQ. Zacks Investment Research downgraded shares of Daqo New Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Roth Capital set a $50.00 price target on shares of Daqo New Energy and gave the company a “buy” rating in a report on Thursday, November 16th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.67.

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Daqo New Energy Profile

Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed 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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