Data I/O Co. (NASDAQ:DAIO) Director Purchases $12,300.00 in Stock

Data I/O Co. (NASDAQ:DAIO) Director Edward J. Smith acquired 5,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $2.46 per share, with a total value of $12,300.00. Following the completion of the purchase, the director now directly owns 42,815 shares in the company, valued at approximately $105,324.90. This trade represents a 13.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Data I/O Stock Down 0.4 %

Data I/O stock opened at $2.47 on Friday. Data I/O Co. has a 52-week low of $1.88 and a 52-week high of $3.14. The firm has a market capitalization of $22.82 million, a P/E ratio of -13.00 and a beta of 0.92. The firm has a fifty day moving average of $2.32 and a 200-day moving average of $2.63.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings data on Thursday, April 24th. The electronics maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The firm had revenue of $6.18 million during the quarter, compared to analyst estimates of $5.30 million. Data I/O had a negative return on equity of 9.05% and a negative net margin of 7.53%.

Hedge Funds Weigh In On Data I/O

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Data I/O by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after acquiring an additional 3,654 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Data I/O by 11.8% during the first quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 4,628 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Data I/O in the 4th quarter valued at approximately $30,000. Finally, Geode Capital Management LLC increased its holdings in shares of Data I/O by 30.9% in the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 22,804 shares during the period. 36.95% of the stock is currently owned by institutional investors and hedge funds.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.