According to the most recent filing that The Manufacturers Life Insurance Company made with the Securities and Exchange Commission, the company’s holdings in Daqo New Energy Corp. (NYSE: DQ) were reduced by 82.1% during the third quarter of this year. Following the completion of the transaction involving the sale of 51,922 shares of the semiconductor manufacturer’s Stock during the period above, the company had a total of 11,300 shares.

The Manufacturers Life Insurance Company’s stake in Daqo New Energy was estimated to be worth $600,000 in the most recent report submitted to the Securities and Exchange Commission (SEC).

There have also been transactions that involved institutional investors and other hedge funds buying and selling company stock.

These transactions have taken place. Vanguard Group INC increased the proportion of Daqo New Energy shares it held by 0.9% during the year’s first quarter.

After making an additional purchase of 19,268 shares during the most recent quarter, Vanguard Group INC now has a total of 2,147,973 shares of the semiconductor company’s stock in its possession. When factoring in the value of these shares, the total value of the company’s stock comes to $88,753,000. Hhlr Advisors Ltd increased the percentage of ownership it held in Daqo New Energy by 1,785.9% during the second quarter of the current fiscal year. Hhlr Advisors Ltd now has a total of 1,885,900 shares of the semiconductor company’s stock after purchasing an additional 1,785,900 shares during the most recent quarter.

The stock has a combined value of $134,616,000, making the company’s total holdings worth $134,616,000.

Allianz Asset Management GmbH added 34.4% more Daqo New Energy stock to its portfolio during the second quarter due to an increase in the company’s ownership percentage.

Allianz Asset Management GmbH has a total of 829,087 shares of the semiconductor company’s stock after purchasing an additional 212,346 shares during the most recent quarter, bringing the total number of shares owned by the company to 829,087.

The value of these shares on the market as of right now is $59,181,000.

Mackenzie Financial Corporation increased the proportion of Daqo New Energy owned by 9.4% during the second quarter of the fiscal year.

The total number of shares of stock issued by the semiconductor company that Mackenzie Financial Corp. currently owns is 660,651, as a result of the company’s most recent acquisition of 56,654 additional shares during the most recent fiscal quarter.

The total value of these shares comes to $47.157 million.
Last but not least, during the second quarter, Principal Financial Group INC increased the amount of Daqo New Energy stock owned by 9.3%.

This certainly should not be considered the least important development.

Principal Financial Group INC now has a total of 603,620 shares of the semiconductor company’s stock following the purchase of an additional 51,124 shares during the most recent quarter.

The stock is currently valued at $43,086,000.
The company’s stock has been evaluated by various stock analysts, each of whom has provided their own opinion.

The research report on the shares of Daqo New Energy that StockNews.com initially published was made available for the first time on Wednesday, October 12.

They recommended purchasing shares of the company in general. Goldman Sachs Group lowered its recommendation for Daqo New Energy from a “buy” rating to a “neutral” rating in a research report published on Monday, December 5.

The report was about the company’s performance over the past three months.
Additionally, they lowered their target price for the stock from $140.00 to $70.00, which was previously set at $140.00. Research analysts have assigned the company’s stock two ratings indicating a hold and two ratings indicating a buy.

According to the data made available by Bloomberg, the general opinion regarding the company is that investors should “moderately buy” its stock, and the price target has been established at $75.00.
DQ opened for trading on Thursday at 42.57 dollars per share.

The company’s price-to-earnings ratio is 2.00, and its beta value is equal to 0.54.

The company’s total value, as represented by its market capitalization, is $3.17 billion.

The moving average for the stock over the past 50 days is $44.50, and the moving average over the past 200 days is, respectively, $52.62.

During the previous twelve months, Daqo New Energy Corporation’s share price ranged from a low of $32.20 to a high of $77.18.

A holding company known as Daqo New Energy Corp.

Is in charge of producing various polysilicon-based products.

The company produces polysilicon, which is then sold to companies that make photovoltaic devices.

After that, polysilicon is used by these manufacturers to produce ingots, wafers, cells, and modules for use in solar power systems. Guang Fu Xu founded the company on November 22, 2007, and it continues to keep its administrative offices in Shanghai within the People’s Republic of China.

The post Daqo New Energy Corp. is sold by Manufacturers Life Insurance Company for 51,922 shares (NYSE:DQ) appeared first on Best Stocks.