LADENBURG THALM/SH SH Initiates Coverage on Data I/O (NASDAQ:DAIO)

Stock analysts at LADENBURG THALM/SH SH assumed coverage on shares of Data I/O (NASDAQ:DAIO) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $5.00 price target on the electronics maker’s stock. LADENBURG THALM/SH SH’s price objective would suggest a potential upside of 56.74% from the stock’s previous close.

Several other analysts have also recently commented on DAIO. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a report on Wednesday, January 21st. Zacks Research raised shares of Data I/O to a “hold” rating in a report on Tuesday, November 4th. Westpark Capital reaffirmed a “buy” rating and issued a $5.22 target price on shares of Data I/O in a research note on Friday, October 31st. Finally, Singular Research upgraded shares of Data I/O to a “strong-buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Data I/O has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Stock Performance

Shares of DAIO stock opened at $3.19 on Monday. The stock’s 50 day simple moving average is $3.09 and its 200 day simple moving average is $3.12. Data I/O has a twelve month low of $1.88 and a twelve month high of $3.57. The company has a market capitalization of $29.95 million, a price-to-earnings ratio of -7.97 and a beta of 1.08.

Institutional Trading of Data I/O

Several hedge funds have recently bought and sold shares of DAIO. James Investment Research Inc. raised its position in Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after acquiring an additional 7,000 shares in the last quarter. Penbrook Management LLC grew its stake in Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after buying an additional 80,300 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Data I/O in the 2nd quarter valued at $65,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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.