Mark J. Gallenberger Sells 13,036 Shares of Data I/O Corporation (DAIO) Stock

Data I/O Corporation (NASDAQ:DAIO) Director Mark J. Gallenberger sold 13,036 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $11.50, for a total value of $149,914.00. Following the transaction, the director now owns 34,232 shares of the company’s stock, valued at $393,668. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Data I/O Corporation (NASDAQ DAIO) traded down $0.07 during midday trading on Thursday, hitting $12.43. The company had a trading volume of 137,900 shares, compared to its average volume of 117,963. The firm has a market capitalization of $103.01, a price-to-earnings ratio of 22.73 and a beta of 1.36. Data I/O Corporation has a twelve month low of $3.89 and a twelve month high of $13.48.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC raised its stake in shares of Data I/O Corporation by 22.6% in the second quarter. Essex Investment Management Co. LLC now owns 16,561 shares of the electronics maker’s stock valued at $132,000 after purchasing an additional 3,055 shares in the last quarter. Cable Hill Partners LLC raised its stake in Data I/O Corporation by 11.1% during the third quarter. Cable Hill Partners LLC now owns 50,000 shares of the electronics maker’s stock worth $498,000 after acquiring an additional 5,000 shares in the last quarter. Northern Trust Corp raised its stake in Data I/O Corporation by 38.3% during the second quarter. Northern Trust Corp now owns 27,580 shares of the electronics maker’s stock worth $219,000 after acquiring an additional 7,634 shares in the last quarter. Wells Fargo & Company MN raised its stake in Data I/O Corporation by 281.7% during the third quarter. Wells Fargo & Company MN now owns 10,782 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 7,957 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in Data I/O Corporation by 77.2% during the second quarter. Thompson Davis & CO. Inc. now owns 20,022 shares of the electronics maker’s stock worth $159,000 after acquiring an additional 8,722 shares in the last quarter. Institutional investors and hedge funds own 24.69% of the company’s stock.

Separately, Lake Street Capital assumed coverage on Data I/O Corporation in a report on Monday. They set a “buy” rating and a $13.00 price target for the company.

About Data I/O Corporation

Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.

Insider Buying and Selling by Quarter for Data I/O Corporation (NASDAQ:DAIO)

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