Data I/O (NASDAQ:DAIO – Get Free Report) was upgraded by LADENBURG THALM/SH SH to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.
Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.11.
Check Out Our Latest Stock Report on Data I/O
Data I/O Price Performance
Data I/O (NASDAQ:DAIO – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. On average, equities research analysts expect that Data I/O will post -0.35 earnings per share for the current fiscal year.
Institutional Trading of Data I/O
Several large investors have recently made changes to their positions in DAIO. DRW Securities LLC acquired a new stake in Data I/O in the 4th quarter valued at approximately $37,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 worth $138,000 after buying an additional 8,555 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in shares of Data I/O by 2.2% in the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $871,000 after acquiring an additional 5,675 shares during the period. Institutional investors own 36.95% of the company’s stock.
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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