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

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

A number of other brokerages have also weighed in on DAIO. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Stock Performance

Shares of DAIO opened at $3.12 on Friday. Data I/O has a 52 week low of $2.16 and a 52 week high of $4.49. The firm has a market cap of $29.30 million, a P/E ratio of -3.71 and a beta of 1.26. The firm’s 50-day simple moving average is $3.61 and its 200 day simple moving average is $3.08.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share 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 company had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. As a group, equities analysts forecast that Data I/O will post -0.4 earnings per share for the current year.

Institutional Trading of Data I/O

Several hedge funds and other institutional investors have recently bought and sold shares of the business. DRW Securities LLC acquired a new position in shares of Data I/O during the 4th quarter worth approximately $37,000. NewEdge Advisors LLC raised its position in shares of Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $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% in the fourth 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% in the fourth 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. Institutional investors and hedge funds own 36.95% of the company’s stock.

About Data I/O

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.