Data I/O (NASDAQ:DAIO) Stock: Insider Red Oak Partners, Llc Purchases 373,133 Shares

Data I/O Corporation (NASDAQ:DAIO) major shareholder Red Oak Partners, Llc purchased 373,133 shares of Data I/O stock in a transaction dated Tuesday, October 20th. The shares were acquired at an average cost of $2.68 per share, for a total transaction of $999,996.44. Following the transaction, the insider directly owned 242,934 shares of the company’s stock, valued at approximately $651,063.12. This represents a -286.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Data I/O Price Performance

Shares of NASDAQ DAIO traded down $0.06 during midday trading on Tuesday, hitting $2.44. The company’s stock had a trading volume of 9,920 shares, compared to its average volume of 45,875. The firm has a market capitalization of $25.38 million, a price-to-earnings ratio of -2.62 and a beta of 1.43. The business’s fifty day simple moving average is $2.84 and its two-hundred day simple moving average is $3.01. Data I/O Corporation has a 1 year low of $2.16 and a 1 year high of $4.49.

Data I/O (NASDAQ:DAIO) last released its earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). Data I/O had a negative return on equity of 66.83% and a negative net margin of 48.73%. The business had revenue of $5.15 million for the quarter. Analysts anticipate that Data I/O Corporation will post -0.30 EPS for the current fiscal year.

Hedge Funds Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Susquehanna International Group LLP boosted its holdings in Data I/O Corporation (NASDAQ:DAIO) by 80.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,548 shares of the electronics maker’s stock after buying an additional 21,711 shares during the quarter. Susquehanna International Group LLP owned approximately 0.52% of Data I/O worth $191,000 at the end of the most recent quarter. 36.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research note on Thursday, October 15th. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Data I/O Company Profile

Data I/O Corporation (NASDAQ:DAIO) develops and supplies automated programming and security-provisioning systems for electronic devices. Its equipment is used to load software, firmware and other data into semiconductor devices such as flash memory, microcontrollers and programmable logic devices during electronics manufacturing.

The company’s product portfolio includes automated device-programming systems, programming engines, software and related accessories. Its offerings are designed to support high-volume production, improve programming accuracy and help manufacturers manage device security, including the provisioning of keys and other credentials used in connected and embedded products.

Data I/O serves manufacturers and contract manufacturers in industries including automotive electronics, consumer electronics, industrial equipment, telecommunications and other embedded-technology markets.