Geode Capital Management LLC Increases Stake in Data I/O Co. (NASDAQ:DAIO)

Geode Capital Management LLC lifted its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 30.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 96,512 shares of the electronics maker’s stock after acquiring an additional 22,804 shares during the period. Geode Capital Management LLC’s holdings in Data I/O were worth $248,000 at the end of the most recent quarter.

Separately, Perkins Coie Trust Co lifted its holdings 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 acquiring an additional 9,100 shares during the period. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Stock Performance

DAIO opened at $2.83 on Tuesday. The firm has a 50 day moving average price of $2.72 and a 200 day moving average price of $2.62. The company has a market cap of $26.15 million, a PE ratio of -14.89 and a beta of 0.92. Data I/O Co. has a 1 year low of $2.29 and a 1 year high of $3.99.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $5.42 million for the quarter. Data I/O had a negative return on equity of 9.05% and a negative net margin of 7.53%.

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.