Kovack Advisors Inc. Has $774,000 Stake in Data I/O Co. (NASDAQ:DAIO)

Kovack Advisors Inc. decreased its holdings in shares of Data I/O Co. (NASDAQ:DAIO) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301,206 shares of the electronics maker’s stock after selling 20,395 shares during the period. Kovack Advisors Inc. owned about 3.26% of Data I/O worth $774,000 as of its most recent SEC filing.

Separately, Perkins Coie Trust Co increased its position in shares of Data I/O by 44.4% during the 3rd quarter. Perkins Coie Trust Co now owns 29,600 shares of the electronics maker’s stock worth $76,000 after purchasing an additional 9,100 shares in the last quarter. 36.95% of the stock is owned by institutional investors and hedge funds.

Data I/O Price Performance

NASDAQ DAIO opened at $2.61 on Thursday. The stock’s 50 day simple moving average is $2.52 and its 200 day simple moving average is $2.67. Data I/O Co. has a one year low of $2.29 and a one year high of $3.99. The firm has a market cap of $24.12 million, a PE ratio of -13.63 and a beta of 0.96.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. Data I/O had a negative return on equity of 9.00% and a negative net margin of 7.53%. The business had revenue of $5.42 million for the quarter.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $4.00 price target on shares of Data I/O in a research report on Wednesday, August 21st.

Data I/O 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.