Dimensional Fund Advisors LP Sells 16,213 Shares of Data I/O Co. (NASDAQ:DAIO)

Dimensional Fund Advisors LP lowered its position in shares of Data I/O Co. (NASDAQ:DAIO) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,975 shares of the electronics maker’s stock after selling 16,213 shares during the period. Dimensional Fund Advisors LP owned approximately 2.76% of Data I/O worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DAIO. Perkins Coie Trust Co bought a new stake in shares of Data I/O during the second quarter valued at approximately $56,000. Essex Investment Management Co. LLC increased its position in shares of Data I/O by 28.2% during the first quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after acquiring an additional 18,053 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of Data I/O during the first quarter valued at approximately $56,000. Institutional investors own 36.95% of the company’s stock.

Data I/O Trading Up 5.3 %

Shares of DAIO stock opened at $2.58 on Monday. Data I/O Co. has a 12-month low of $2.29 and a 12-month high of $3.99. The firm’s 50 day moving average is $2.48 and its 200 day moving average is $2.83. The stock has a market capitalization of $23.28 million, a P/E ratio of -51.60 and a beta of 0.96.

Data I/O (NASDAQ:DAIO) last issued its earnings results on Thursday, July 25th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). Data I/O had a negative return on equity of 7.71% and a negative net margin of 6.15%. The company had revenue of $5.06 million during the quarter, compared to analysts’ expectations of $6.50 million. During the same quarter in the prior year, the business posted $0.03 EPS.

Wall Street Analysts Forecast Growth

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

About Data I/O

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.