Data I/O (NASDAQ:DAIO) Releases Earnings Results, Misses Expectations By $0.07 EPS

Data I/O (NASDAQ:DAIO) posted its quarterly earnings data on Wednesday. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.07), Zacks reports. Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%.

Data I/O Stock Up 2.7%

NASDAQ DAIO traded up $0.08 during midday trading on Wednesday, hitting $3.00. The company had a trading volume of 112,312 shares, compared to its average volume of 51,893. The firm has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.06. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $4.49. The stock has a market cap of $28.17 million, a price-to-earnings ratio of -3.57 and a beta of 1.30.

Analyst Ratings Changes

DAIO has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Institutional Investors Weigh In On Data I/O

Several hedge funds have recently made changes to their positions in DAIO. Kovack Advisors Inc. increased its position in shares of Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $871,000 after purchasing an additional 5,675 shares during the period. NewEdge Advisors LLC boosted its stake in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after buying an additional 8,555 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in Data I/O during the fourth quarter worth $37,000. Institutional investors own 36.95% of the company’s stock.

About Data I/O

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.