Penbrook Management LLC Increases Stock Position in Data I/O Corporation $DAIO

Penbrook Management LLC boosted its stake in shares of Data I/O Corporation (NASDAQ:DAIO) by 29.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 349,750 shares of the electronics maker’s stock after acquiring an additional 80,300 shares during the period. Penbrook Management LLC owned about 3.79% of Data I/O worth $1,084,000 at the end of the most recent quarter.

Separately, Essex Investment Management Co. LLC raised its position in Data I/O by 11.8% during the first quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 4,628 shares during the period. 36.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Data I/O Trading Up 1.0%

DAIO stock opened at $3.08 on Tuesday. Data I/O Corporation has a twelve month low of $1.88 and a twelve month high of $3.57. The company’s 50 day moving average is $3.26 and its two-hundred day moving average is $2.89. The stock has a market cap of $28.92 million, a P/E ratio of -11.00 and a beta of 1.05.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Thursday, July 24th. The electronics maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $5.95 million for the quarter, compared to analyst estimates of $5.50 million. Data I/O had a negative return on equity of 14.60% and a negative net margin of 11.49%.

About Data I/O

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.