Data I/O Corporation $DAIO Shares Bought by James Investment Research Inc.

James Investment Research Inc. raised its holdings in Data I/O Corporation (NASDAQ:DAIO) by 45.4% during the second quarter, Holdings Channel reports. The institutional investor owned 22,402 shares of the electronics maker’s stock after buying an additional 7,000 shares during the period. James Investment Research Inc.’s holdings in Data I/O were worth $69,000 as of its most recent SEC filing.

Separately, Essex Investment Management Co. LLC raised its stake in Data I/O by 11.8% in the first quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock valued at $107,000 after buying an additional 4,628 shares in the last quarter. 36.95% of the stock is owned by institutional investors.

Data I/O Stock Performance

DAIO opened at $3.02 on Wednesday. The business’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $2.95. Data I/O Corporation has a one year low of $1.88 and a one year high of $3.57. The stock has a market capitalization of $28.36 million, a P/E ratio of -10.79 and a beta of 1.05.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Westpark Capital restated a “buy” rating and issued a $5.22 price target on shares of Data I/O in a research note on Friday, July 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.22.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.