Teledyne Technologies (TDY) Reaches $193.28 High on Jan, 14; Quentec Asset Management Lowered Daqo New Energy (DQ) Holding By $5.79 Million

January 14, 2018 - By Ruchi Gupta

The stock of Teledyne Technologies Incorporated (NYSE:TDY) reached all time high today, Jan, 14 and still has $206.81 target or 7.00% above today’s $193.28 share price. This indicates more upside for the $6.85 billion company. This technical setup was reported by Barchart.com. If the $206.81 PT is reached, the company will be worth $479.43M more. The stock increased 2.43% or $4.58 during the last trading session, reaching $193.28. About 131,411 shares traded. Teledyne Technologies Incorporated (NYSE:TDY) has risen 37.51% since January 14, 2017 and is uptrending. It has outperformed by 20.81% the S&P500.

Quentec Asset Management Llc decreased Daqo New Energy Corp (DQ) stake by 20.43% reported in 2017Q3 SEC filing. Quentec Asset Management Llc sold 199,662 shares as Daqo New Energy Corp (DQ)’s stock declined 10.09%. The Quentec Asset Management Llc holds 777,444 shares with $22.56 million value, down from 977,106 last quarter. Daqo New Energy Corp now has $717.82M valuation. The stock increased 6.62% or $4.24 during the last trading session, reaching $68.24. About 589,478 shares traded or 65.23% up from the average. Daqo New Energy Corp. (NYSE:DQ) has declined 5.57% since January 14, 2017 and is downtrending. It has underperformed by 22.27% the S&P500.

Among 3 analysts covering Daqo New Energy (NYSE:DQ), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Daqo New Energy had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating by Roth Capital given on Sunday, August 13. The firm earned “Buy” rating on Monday, December 4 by Roth Capital. The firm has “Buy” rating given on Friday, May 26 by Roth Capital. The rating was maintained by Roth Capital on Monday, June 5 with “Buy”. The firm has “Buy” rating by Roth Capital given on Friday, November 3. Roth Capital maintained Daqo New Energy Corp. (NYSE:DQ) rating on Monday, October 16. Roth Capital has “Buy” rating and $35.0 target. The rating was maintained by Roth Capital with “Buy” on Friday, July 14. The firm has “Equal-Weight” rating given on Tuesday, November 10 by Morgan Stanley. Roth Capital maintained the shares of DQ in report on Friday, August 4 with “Buy” rating. The company was maintained on Monday, June 26 by Roth Capital.

Analysts await Daqo New Energy Corp. (NYSE:DQ) to report earnings on March, 6. They expect $1.69 EPS, up 212.96% or $1.15 from last year’s $0.54 per share. DQ’s profit will be $17.78M for 10.09 P/E if the $1.69 EPS becomes a reality. After $2.22 actual EPS reported by Daqo New Energy Corp. for the previous quarter, Wall Street now forecasts -23.87% negative EPS growth.

Among 3 analysts covering Teledyne Tech (NYSE:TDY), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Teledyne Tech has $190.0 highest and $14000 lowest target. $187.50’s average target is -2.99% below currents $193.28 stock price. Teledyne Tech had 12 analyst reports since October 6, 2015 according to SRatingsIntel. As per Friday, November 3, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Hold” rating in Thursday, August 3 report. The company was maintained on Friday, July 7 by Jefferies. The rating was maintained by Jefferies with “Hold” on Monday, January 8. As per Tuesday, October 6, the company rating was downgraded by Needham. Jefferies maintained it with “Hold” rating and $150.0 target in Friday, October 6 report. The firm has “Hold” rating given on Tuesday, June 6 by Jefferies. The stock of Teledyne Technologies Incorporated (NYSE:TDY) earned “Buy” rating by Needham on Wednesday, July 5. On Wednesday, July 6 the stock rating was downgraded by CL King to “Neutral”. The stock of Teledyne Technologies Incorporated (NYSE:TDY) earned “Hold” rating by Jefferies on Friday, July 14.

Analysts await Teledyne Technologies Incorporated (NYSE:TDY) to report earnings on February, 1. They expect $1.74 EPS, up 5.45% or $0.09 from last year’s $1.65 per share. TDY’s profit will be $61.66M for 27.77 P/E if the $1.74 EPS becomes a reality. After $1.96 actual EPS reported by Teledyne Technologies Incorporated for the previous quarter, Wall Street now forecasts -11.22% negative EPS growth.

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, and internationally. The company has market cap of $6.85 billion. The companyÂ’s Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments. It has a 32.88 P/E ratio. The Company’s Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, medical, and photogrammetry applications; and hardware and software for image processing in industrial and medical applications, as well as manufacturing services for micro electro-mechanical systems.

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