Cannell Peter B & Co. Inc. acquired a new position in shares of Data I/O Co. (NASDAQ:DAIO) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,000 shares of the electronics maker’s stock, valued at approximately $238,000. Cannell Peter B & Co. Inc. owned approximately 0.39% of Data I/O as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of DAIO. Wells Fargo & Company MN lifted its holdings in Data I/O by 281.7% during the third quarter. Wells Fargo & Company MN now owns 10,782 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 7,957 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Data I/O in the fourth quarter valued at about $135,000. Ellington Management Group LLC acquired a new stake in shares of Data I/O in the fourth quarter valued at about $205,000. Virtu Financial LLC acquired a new stake in shares of Data I/O in the fourth quarter valued at about $282,000. Finally, Systematic Financial Management LP acquired a new stake in Data I/O during the fourth quarter worth about $290,000. Institutional investors and hedge funds own 43.55% of the company’s stock.
Shares of Data I/O traded down $0.25, hitting $6.50, during trading on Thursday, according to MarketBeat Ratings. 116,000 shares of the company were exchanged, compared to its average volume of 124,086. The firm has a market capitalization of $59.21 million, a P/E ratio of 14.88 and a beta of 1.59. Data I/O Co. has a 1 year low of $6.03 and a 1 year high of $16.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.78 and a current ratio of 4.47.
Data I/O (NASDAQ:DAIO) last released its earnings results on Thursday, April 26th. The electronics maker reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.08). The firm had revenue of $7.63 million during the quarter. Data I/O had a net margin of 13.35% and a return on equity of 19.53%.
Several research analysts have recently commented on DAIO shares. ValuEngine lowered shares of Data I/O from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Lake Street Capital set a $13.00 price objective on shares of Data I/O and gave the stock a “buy” rating in a research report on Friday, April 6th.
Data I/O Company Profile
Data I/O Corporation designs, manufactures, and sells programming 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 necessary for the ICs. The company provides PSV handlers off-line automated programming systems; and RoadRunner and RoadRunner3 series handlers, an in-line automated programming systems.
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