Data I/O (NASDAQ:DAIO) Raised to “Strong-Buy” at LADENBURG THALM/SH SH

Data I/O (NASDAQ:DAIO) was upgraded by investment analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Zacks Research raised shares of Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Data I/O presently has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Price Performance

Data I/O stock opened at $3.12 on Friday. The firm’s 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.08. The company has a market cap of $29.30 million, a P/E ratio of -3.71 and a beta of 1.26. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $4.49.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The firm had revenue of $3.25 million during the quarter, compared to analysts’ expectations of $4.00 million. On average, analysts expect that Data I/O will post -0.35 EPS for the current fiscal year.

Institutional Trading of Data I/O

Several institutional investors have recently made changes to their positions in the stock. DRW Securities LLC acquired a new position in Data I/O in the 4th quarter valued at approximately $37,000. NewEdge Advisors LLC lifted its position in 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 buying an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake 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 valued at $138,000 after buying an additional 8,555 shares during the period. Finally, Kovack Advisors Inc. boosted its stake in shares of Data I/O by 2.2% during the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after buying an additional 5,675 shares during the period. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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.