Data I/O (DAIO) Stock Rating Lowered by ValuEngine

Data I/O (NASDAQ:DAIO) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, R. F. Lafferty began coverage on Data I/O in a report on Wednesday, February 7th. They issued a “buy” rating and a $15.00 price target for the company.

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Data I/O stock opened at $7.39 on Friday. Data I/O has a 52 week low of $4.56 and a 52 week high of $16.49. The stock has a market cap of $61.45, a P/E ratio of 12.78 and a beta of 1.60.

Data I/O (NASDAQ:DAIO) last released its earnings results on Thursday, February 22nd. The electronics maker reported $0.12 EPS for the quarter. Data I/O had a return on equity of 25.30% and a net margin of 16.00%. The firm had revenue of $8.10 million during the quarter.

Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 7,957 shares during the period. Two Sigma Advisers LP acquired a new position in Data I/O in the fourth quarter valued at approximately $135,000. JPMorgan Chase & Co. acquired a new position in Data I/O in the third quarter valued at approximately $137,000. Salem Investment Counselors Inc. lifted its holdings in Data I/O by 1,452.9% in the third quarter. Salem Investment Counselors Inc. now owns 15,529 shares of the electronics maker’s stock valued at $157,000 after acquiring an additional 14,529 shares during the period. Finally, Ellington Management Group LLC acquired a new position in Data I/O in the fourth quarter valued at approximately $205,000. 44.00% of the stock is owned by institutional investors.

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Data I/O Company Profile

Data I/O Corporation designs, manufactures, and sells programming systems for electronic device manufacturers worldwide. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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