Data I/O (NASDAQ:DAIO) Rating Increased to Strong-Buy 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 released on Wednesday morning,Zacks.com reports.

DAIO has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Monday, April 20th. Zacks Research cut Data I/O from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Data I/O has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Performance

Data I/O stock opened at $2.84 on Wednesday. The stock’s 50 day simple moving average is $2.58 and its two-hundred day simple moving average is $2.86. The stock has a market cap of $26.68 million, a price-to-earnings ratio of -5.26 and a beta of 1.09. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $3.57.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Friday, February 27th. The electronics maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.18). The firm had revenue of $3.98 million for the quarter, compared to the consensus estimate of $5.41 million. Data I/O had a negative net margin of 23.19% and a negative return on equity of 31.01%. On average, analysts predict that Data I/O will post -0.4 earnings per share for the current year.

Institutional Trading of Data I/O

A number of hedge funds have recently made changes to their positions in DAIO. DRW Securities LLC bought a new stake in shares of Data I/O in the 4th quarter worth approximately $37,000. Steward Partners Investment Advisory LLC boosted its position in shares of Data I/O by 24.5% in 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 in the last quarter. NewEdge Advisors LLC boosted its position in shares of Data I/O by 45.4% in 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 in the last quarter. Kovack Advisors Inc. boosted its position in shares of Data I/O by 2.2% in the 4th 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. Finally, Penbrook Management LLC boosted its position in shares of Data I/O by 1.2% in the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after purchasing an additional 4,100 shares in the last quarter. 36.95% of the stock is owned by institutional investors.

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.