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.
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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