Data I/O (NASDAQ:DAIO) Major Shareholder Red Oak Partners, Llc Acquires 373,133 Shares of 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 that occurred on Tuesday, October 20th. The shares were acquired at an average cost of $2.68 per share, with a total value of $999,996.44. Following the purchase, the insider owned 242,934 shares in the company, valued at $651,063.12. This represents a -286.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Data I/O Trading Down 2.4%

DAIO stock opened at $2.44 on Wednesday. Data I/O Corporation has a 12 month low of $2.16 and a 12 month high of $4.49. The firm has a 50-day moving average of $2.81 and a two-hundred day moving average of $3.00.

Data I/O (NASDAQ:DAIO) last released its earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The business had revenue of $5.15 million for the quarter. Sell-side analysts forecast that Data I/O Corporation will post -0.30 earnings per share for the current fiscal year.

Analyst Ratings Changes

DAIO has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research report on Thursday, October 15th. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.11.

Institutional Investors Weigh In On Data I/O

A hedge fund recently raised its stake in Data I/O stock. Susquehanna International Group LLP boosted its position in shares of Data I/O Corporation (NASDAQ:DAIO) by 80.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,548 shares of the electronics maker’s stock after purchasing an additional 21,711 shares during the period. Susquehanna International Group LLP owned approximately 0.52% of Data I/O worth $191,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

About Data I/O

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.