Data I/O (NASDAQ:DAIO – Get Free Report)‘s stock had its “buy” rating restated by Westpark Capital in a research note issued on Wednesday, Benzinga reports. They presently have a $4.00 price target on the electronics maker’s stock. Westpark Capital’s target price points to a potential upside of 63.27% from the company’s current price.
Separately, Singular Research restated a “buy” rating on shares of Data I/O in a research report on Tuesday, April 30th.
View Our Latest Report on DAIO
Data I/O Stock Performance
Data I/O (NASDAQ:DAIO – Get Free Report) last posted its earnings results on Thursday, July 25th. The electronics maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $6.50 million. Data I/O had a negative net margin of 6.15% and a negative return on equity of 7.62%. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, research analysts forecast that Data I/O will post 0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Data I/O
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. purchased a new position in Data I/O during the first quarter worth about $56,000. Essex Investment Management Co. LLC boosted its position in shares of Data I/O by 28.2% during the 1st quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock worth $289,000 after purchasing an additional 18,053 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new position in shares of Data I/O during the 2nd quarter worth $56,000. Hedge funds and other institutional investors own 36.95% of the company’s stock.
Data I/O Company Profile
Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.
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