Data I/O (DAIO) Given a $13.00 Price Target by Lake Street Capital Analysts

Lake Street Capital set a $13.00 price objective on Data I/O (NASDAQ:DAIO) in a research report released on Friday. The brokerage currently has a buy rating on the electronics maker’s stock.

Several other research analysts have also weighed in on DAIO. R. F. Lafferty initiated coverage on shares of Data I/O in a research note on Wednesday, February 7th. They set a buy rating and a $15.00 price objective on the stock. ValuEngine downgraded shares of Data I/O from a buy rating to a hold rating in a report on Friday.

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Data I/O stock opened at $7.39 on Friday. Data I/O has a fifty-two week low of $4.56 and a fifty-two week high of $16.49. The company has a market cap of $61.29, a P/E ratio of 12.74 and a beta of 1.60.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.12 earnings per share for the quarter. Data I/O had a net margin of 16.00% and a return on equity of 25.30%. The business had revenue of $8.10 million for the quarter.

A number of hedge funds have recently made changes to their positions in DAIO. Penbrook Management LLC acquired a new stake in Data I/O during the 4th quarter worth approximately $5,398,000. Acadian Asset Management LLC raised its holdings in Data I/O by 4,730.7% during the 4th quarter. Acadian Asset Management LLC now owns 210,232 shares of the electronics maker’s stock worth $2,532,000 after buying an additional 205,880 shares during the period. EAM Investors LLC raised its holdings in Data I/O by 269.1% during the 4th quarter. EAM Investors LLC now owns 229,864 shares of the electronics maker’s stock worth $2,768,000 after buying an additional 167,595 shares during the period. Alambic Investment Management L.P. acquired a new stake in Data I/O during the 4th quarter worth approximately $1,435,000. Finally, Renaissance Technologies LLC raised its holdings in Data I/O by 5.3% during the 4th quarter. Renaissance Technologies LLC now owns 658,400 shares of the electronics maker’s stock worth $7,927,000 after buying an additional 33,200 shares during the period. Hedge funds and other institutional investors own 43.90% of the company’s stock.

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About Data I/O

Data I/O Corporation designs, manufactures, and sells programming systems for electronic device manufacturers worldwide. Its programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs. The company provides PSV handlers off-line automated programming systems; and RoadRunner and RoadRunner3 series handlers, an in-line automated programming systems.

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