Alambic Investment Management L.P. purchased a new stake in Data I/O Co. (NASDAQ:DAIO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 119,206 shares of the electronics maker’s stock, valued at approximately $1,435,000. Alambic Investment Management L.P. owned approximately 1.45% of Data I/O at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cable Hill Partners LLC raised its holdings in shares of Data I/O by 11.1% during the third quarter. Cable Hill Partners LLC now owns 50,000 shares of the electronics maker’s stock worth $498,000 after purchasing an additional 5,000 shares during the period. Northern Trust Corp grew its position in Data I/O by 38.3% in the 2nd quarter. Northern Trust Corp now owns 27,580 shares of the electronics maker’s stock valued at $219,000 after buying an additional 7,634 shares in the last quarter. Wells Fargo & Company MN grew its position in Data I/O by 281.7% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. bought a new position in Data I/O in the 3rd quarter valued at about $137,000. Finally, Virtu KCG Holdings LLC grew its position in Data I/O by 58.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 37,357 shares of the electronics maker’s stock valued at $297,000 after buying an additional 13,833 shares in the last quarter. 29.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Alan B. Howe sold 15,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $16.11, for a total transaction of $241,650.00. Following the completion of the transaction, the director now directly owns 41,900 shares in the company, valued at approximately $675,009. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Wells Brown sold 7,040 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $13.09, for a total value of $92,153.60. Following the transaction, the director now owns 31,774 shares of the company’s stock, valued at $415,921.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,040 shares of company stock worth $653,204. 8.60% of the stock is currently owned by corporate insiders.
Data I/O Co. (NASDAQ DAIO) opened at $10.37 on Tuesday. The company has a market capitalization of $82.82, a P/E ratio of 18.27 and a beta of 1.22. Data I/O Co. has a twelve month low of $4.01 and a twelve month high of $16.49.
DAIO has been the subject of a number of analyst reports. R. F. Lafferty initiated coverage on shares of Data I/O in a research note on Wednesday, February 7th. They set a “buy” rating and a $15.00 price objective for the company. Lake Street Capital started coverage on shares of Data I/O in a research report on Monday, November 13th. They issued a “buy” rating and a $13.00 price target for the company.
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Data I/O 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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