Data I/O (NASDAQ:DAIO) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of Data I/O (NASDAQ:DAIO) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $5.00 target price on the electronics maker’s stock.

Several other brokerages also recently commented on DAIO. Zacks Research upgraded shares of Data I/O to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, January 21st. Westpark Capital reissued a “buy” rating and set a $5.22 target price on shares of Data I/O in a research report on Friday, October 31st. Finally, Singular Research upgraded Data I/O to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Stock Up 0.3%

Shares of NASDAQ:DAIO opened at $3.11 on Monday. The business’s 50 day moving average is $3.08 and its 200 day moving average is $3.12. Data I/O has a 12-month low of $1.88 and a 12-month high of $3.57. The stock has a market cap of $29.20 million, a price-to-earnings ratio of -7.77 and a beta of 1.08.

Institutional Investors Weigh In On Data I/O

A number of hedge funds have recently modified their holdings of the stock. Penbrook Management LLC lifted its stake in Data I/O by 29.8% in the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares during the last quarter. James Investment Research Inc. raised its stake in shares of Data I/O by 45.4% in the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of Data I/O during the 2nd quarter valued at $65,000. Finally, NewEdge Advisors LLC grew its stake 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 acquiring an additional 7,000 shares during the period. Institutional investors 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.