Data I/O (NASDAQ:DAIO) Major Shareholder Red Oak Partners, Llc Acquires 373,133 Shares of Company Stock

Data I/O Corporation (NASDAQ:DAIO) major shareholder Red Oak Partners, Llc acquired 373,133 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average price of $2.68 per share, for a total transaction of $999,996.44. Following the acquisition, the insider owned 242,934 shares in the company, valued at approximately $651,063.12. The trade was a -286.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Data I/O Price Performance

Shares of NASDAQ DAIO traded down $0.06 during midday trading on Tuesday, hitting $2.44. 9,920 shares of the company’s stock were exchanged, compared to its average volume of 45,875. The firm’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $3.01. The company has a market cap of $25.38 million, a PE ratio of -2.62 and a beta of 1.43. Data I/O Corporation has a twelve month low of $2.16 and a twelve month high of $4.49.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The business had revenue of $5.15 million during the quarter. Data I/O had a negative net margin of 48.73% and a negative return on equity of 66.83%. Equities analysts anticipate that Data I/O Corporation will post -0.30 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DAIO. LADENBURG THALM/SH SH raised shares of Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Data I/O presently has an average rating of “Moderate Buy” and an average price target of $5.11.

Institutional Investors Weigh In On Data I/O

An institutional investor recently bought a new position in Data I/O stock. BlackRock Inc. acquired a new stake in Data I/O Corporation (NASDAQ:DAIO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,015 shares of the electronics maker’s stock, valued at approximately $67,000. BlackRock Inc. owned 0.18% of Data I/O as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation (NASDAQ:DAIO) develops and supplies automated programming and security-provisioning systems for electronic devices. Its equipment is used to load software, firmware and other data into semiconductor devices such as flash memory, microcontrollers and programmable logic devices during electronics manufacturing.

The company’s product portfolio includes automated device-programming systems, programming engines, software and related accessories. Its offerings are designed to support high-volume production, improve programming accuracy and help manufacturers manage device security, including the provisioning of keys and other credentials used in connected and embedded products.

Data I/O serves manufacturers and contract manufacturers in industries including automotive electronics, consumer electronics, industrial equipment, telecommunications and other embedded-technology markets.