Data I/O Corporation (NASDAQ:DAIO – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.85 and traded as high as $3.19. Data I/O shares last traded at $3.05, with a volume of 56,916 shares traded.
Analysts Set New Price Targets
Several analysts have recently issued reports on DAIO shares. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. LADENBURG THALM/SH SH upgraded shares of Data I/O to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.11.
Read Our Latest Stock Analysis on DAIO
Data I/O Trading Up 4.3%
Data I/O (NASDAQ:DAIO – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The business had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. On average, equities research analysts predict that Data I/O Corporation will post -0.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Data I/O
A number of hedge funds and other institutional investors have recently modified their holdings of DAIO. DRW Securities LLC bought a new position in shares of Data I/O during the fourth quarter valued at approximately $37,000. NewEdge Advisors LLC lifted its position in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after acquiring an additional 8,555 shares during the last quarter. Kovack Advisors Inc. lifted its position in Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after acquiring an additional 5,675 shares during the last quarter. Finally, Penbrook Management LLC lifted its position in Data I/O by 1.2% during the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock valued at $1,131,000 after acquiring an additional 4,100 shares during the last quarter. 36.95% of the stock is currently owned by institutional investors.
About Data I/O
Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.
The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.
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