Wells Fargo & Company MN raised its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 281.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,782 shares of the electronics maker’s stock after acquiring an additional 7,957 shares during the quarter. Wells Fargo & Company MN owned approximately 0.13% of Data I/O worth $107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Data I/O during the 3rd quarter valued at $137,000. Essex Investment Management Co. LLC boosted its stake in Data I/O by 153.1% during the 3rd quarter. Essex Investment Management Co. LLC now owns 41,922 shares of the electronics maker’s stock valued at $418,000 after acquiring an additional 25,361 shares during the last quarter. Cable Hill Partners LLC boosted its stake in Data I/O by 11.1% during the 3rd quarter. Cable Hill Partners LLC now owns 50,000 shares of the electronics maker’s stock valued at $498,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Data I/O by 15.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 325,713 shares of the electronics maker’s stock valued at $2,589,000 after acquiring an additional 44,089 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its stake in Data I/O by 58.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 37,357 shares of the electronics maker’s stock valued at $297,000 after acquiring an additional 13,833 shares during the last quarter. Hedge funds and other institutional investors own 27.74% of the company’s stock.

Data I/O Co. (DAIO) opened at $10.05 on Friday. Data I/O Co. has a 52-week low of $4.01 and a 52-week high of $16.49. The stock has a market cap of $82.82, a PE ratio of 18.27 and a beta of 1.22.

In other news, Director Mark J. Gallenberger sold 13,036 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $11.50, for a total value of $149,914.00. Following the transaction, the director now directly owns 34,232 shares in the company, valued at approximately $393,668. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas Wells Brown sold 7,040 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $13.09, for a total transaction of $92,153.60. Following the completion of the transaction, the director now owns 31,774 shares in the company, valued at $415,921.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,076 shares of company stock worth $803,118. Insiders own 8.60% of the company’s stock.

A number of research firms have commented on DAIO. R. F. Lafferty began coverage on shares of Data I/O in a research note on Wednesday. They set a “buy” rating and a $15.00 price objective on the stock. Lake Street Capital began coverage on shares of Data I/O in a research note on Monday, November 13th. They set a “buy” rating and a $13.00 price objective on the stock.

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Data I/O Profile

Data I/O Corporation provides programming and associated intellectual property management solutions. The Company’s solutions are used in the manufacturing of flash, microcontrollers and flash-memory-based intelligent devices. It designs, manufactures and sells programming systems used by designers and manufacturers of electronic products.

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Institutional Ownership by Quarter for Data I/O (NASDAQ:DAIO)

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