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

LADENBURG THALM/SH SH upgraded shares of Data I/O (NASDAQ:DAIO) to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

Several other research firms have also issued reports on DAIO. Zacks Research raised shares of Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

Data I/O Stock Performance

NASDAQ:DAIO opened at $3.12 on Friday. The stock has a 50-day simple moving average of $3.61 and a two-hundred day simple moving average of $3.08. The firm has a market capitalization of $29.30 million, a PE ratio of -3.71 and a beta of 1.26. Data I/O has a 52-week low of $2.16 and a 52-week high of $4.49.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%.The company had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. Equities analysts forecast that Data I/O will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Data I/O

Large investors have recently made changes to their positions in the business. DRW Securities LLC bought a new position in shares of Data I/O in the fourth quarter worth about $37,000. NewEdge Advisors LLC raised its stake in Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 8,555 shares during the period. Finally, Kovack Advisors Inc. lifted its holdings in Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $852,000 after purchasing an additional 5,675 shares in the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

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.