Data I/O (NASDAQ:DAIO) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Data I/O (NASDAQ:DAIO) to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.

DAIO has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. 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 issued a Sell rating to the company. According to MarketBeat, Data I/O has an average rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Stock Performance

Data I/O stock opened at $3.12 on Friday. The company’s fifty day moving average price is $3.61 and its 200 day moving average price is $3.08. Data I/O has a 1 year low of $2.16 and a 1 year high of $4.49. The stock has a market capitalization of $29.30 million, a P/E ratio of -3.71 and a beta of 1.26.

Data I/O (NASDAQ:DAIO) last released its earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%.The company had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $4.00 million. Sell-side analysts predict that Data I/O will post -0.4 EPS for the current year.

Institutional Trading of Data I/O

Several hedge funds have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in Data I/O during the 4th quarter worth approximately $37,000. NewEdge Advisors LLC lifted its position in shares of Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 8,555 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after purchasing an additional 5,675 shares in the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Company Profile

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.