Data I/O Corporation (DAIO) Director Mark J. Gallenberger Sells 13,036 Shares

Data I/O Corporation (NASDAQ:DAIO) Director Mark J. Gallenberger sold 13,036 shares of Data I/O Corporation stock in a transaction on 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 owns 34,232 shares of the company’s stock, valued at approximately $393,668. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Data I/O Corporation (NASDAQ DAIO) traded up $0.96 during trading hours on Tuesday, reaching $12.27. The company’s stock had a trading volume of 246,900 shares, compared to its average volume of 117,148. The stock has a market capitalization of $93.21, a PE ratio of 20.56 and a beta of 1.36. Data I/O Corporation has a 1-year low of $3.89 and a 1-year high of $13.48.

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A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Data I/O Corporation by 6.8% during the third quarter. Dimensional Fund Advisors LP now owns 347,736 shares of the electronics maker’s stock valued at $3,463,000 after buying an additional 22,023 shares during the last quarter. Wells Fargo & Company MN raised its stake in Data I/O Corporation by 281.7% during the third quarter. Wells Fargo & Company MN now owns 10,782 shares of the electronics maker’s stock valued at $107,000 after buying an additional 7,957 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Data I/O Corporation during the third quarter valued at $137,000. Essex Investment Management Co. LLC raised its stake in Data I/O Corporation by 153.1% during the third quarter. Essex Investment Management Co. LLC now owns 41,922 shares of the electronics maker’s stock valued at $418,000 after buying an additional 25,361 shares during the last quarter. Finally, Cable Hill Partners LLC raised its stake in shares of Data I/O Corporation by 11.1% in the third quarter. Cable Hill Partners LLC now owns 50,000 shares of the electronics maker’s stock worth $498,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 24.69% of the company’s stock.

Separately, Lake Street Capital assumed coverage on Data I/O Corporation in a research note on Monday. They set a “buy” rating and a $13.00 price objective for the company.

About Data I/O Corporation

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.

Insider Buying and Selling by Quarter for Data I/O Corporation (NASDAQ:DAIO)

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