Data I/O (DAIO) Coverage Initiated at R. F. Lafferty

R. F. Lafferty started coverage on shares of Data I/O (NASDAQ:DAIO) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $15.00 price objective on the electronics maker’s stock.

Separately, Lake Street Capital began coverage on shares of Data I/O in a report on Monday, November 13th. They issued a buy rating and a $13.00 target price for the company.

Shares of Data I/O (DAIO) opened at $10.05 on Wednesday. Data I/O has a 1-year low of $4.01 and a 1-year high of $16.49. The company has a market cap of $85.13, a PE ratio of 18.78 and a beta of 1.22.

In other news, Director Douglas Wells Brown sold 7,040 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $13.09, for a total value of $92,153.60. Following the completion of the sale, the director now directly owns 31,774 shares of the company’s stock, valued at $415,921.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark J. Gallenberger sold 13,036 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $11.50, for a total transaction of $149,914.00. Following the completion of the sale, the director now directly owns 34,232 shares of the company’s stock, valued at $393,668. The disclosure for this sale can be found here. Insiders sold 55,076 shares of company stock valued at $803,118 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Data I/O by 281.7% in the third quarter. Wells Fargo & Company MN now owns 10,782 shares of the electronics maker’s stock valued at $107,000 after buying an additional 7,957 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Data I/O during the third quarter worth about $137,000. Salem Investment Counselors Inc. increased its stake in shares of Data I/O by 1,452.9% during the third quarter. Salem Investment Counselors Inc. now owns 15,529 shares of the electronics maker’s stock worth $157,000 after acquiring an additional 14,529 shares during the period. Virtu Financial LLC acquired a new position in shares of Data I/O during the fourth quarter worth about $282,000. Finally, Systematic Financial Management LP acquired a new position in shares of Data I/O during the fourth quarter worth about $290,000. 27.74% of the stock is owned by institutional investors and hedge funds.

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Data I/O Company Profile

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.

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