DQ vs. ALGM, POWI, FORM, CRDO, TSEM, IPGP, SLAB, SYNA, DIOD, and WOLF
Should you be buying Daqo New Energy stock or one of its competitors? The main competitors of Daqo New Energy include Allegro MicroSystems (ALGM), Power Integrations (POWI), FormFactor (FORM), Credo Technology Group (CRDO), Tower Semiconductor (TSEM), IPG Photonics (IPGP), Silicon Laboratories (SLAB), Synaptics (SYNA), Diodes (DIOD), and Wolfspeed (WOLF). These companies are all part of the "semiconductors & related devices" industry.
Daqo New Energy (NYSE:DQ) and Allegro MicroSystems (NASDAQ:ALGM) are both basic materials companies, but which is the better business? We will contrast the two companies based on the strength of their valuation, profitability, risk, community ranking, media sentiment, analyst recommendations, dividends, earnings and institutional ownership.
Daqo New Energy received 297 more outperform votes than Allegro MicroSystems when rated by MarketBeat users. Likewise, 66.60% of users gave Daqo New Energy an outperform vote while only 63.41% of users gave Allegro MicroSystems an outperform vote.
In the previous week, Daqo New Energy and Daqo New Energy both had 8 articles in the media. Allegro MicroSystems' average media sentiment score of 1.31 beat Daqo New Energy's score of 1.24 indicating that Allegro MicroSystems is being referred to more favorably in the news media.
Daqo New Energy currently has a consensus price target of $27.63, indicating a potential upside of 37.16%. Allegro MicroSystems has a consensus price target of $37.11, indicating a potential upside of 23.54%. Given Daqo New Energy's higher possible upside, equities research analysts clearly believe Daqo New Energy is more favorable than Allegro MicroSystems.
Daqo New Energy has a beta of 0.35, suggesting that its share price is 65% less volatile than the S&P 500. Comparatively, Allegro MicroSystems has a beta of 1.7, suggesting that its share price is 70% more volatile than the S&P 500.
47.2% of Daqo New Energy shares are held by institutional investors. Comparatively, 56.5% of Allegro MicroSystems shares are held by institutional investors. 24.3% of Daqo New Energy shares are held by company insiders. Comparatively, 9.7% of Allegro MicroSystems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Allegro MicroSystems has a net margin of 14.55% compared to Daqo New Energy's net margin of 7.84%. Allegro MicroSystems' return on equity of 20.67% beat Daqo New Energy's return on equity.
Daqo New Energy has higher revenue and earnings than Allegro MicroSystems. Daqo New Energy is trading at a lower price-to-earnings ratio than Allegro MicroSystems, indicating that it is currently the more affordable of the two stocks.
Summary
Allegro MicroSystems beats Daqo New Energy on 10 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding DQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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