Wasatch Advisors LP Grows Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Wasatch Advisors LP raised its position in shares of Lantronix, Inc. (NASDAQ:LTRXFree Report) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,622,343 shares of the technology company’s stock after buying an additional 165,711 shares during the period. Wasatch Advisors LP owned about 4.33% of Lantronix worth $9,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AMH Equity Ltd boosted its position in shares of Lantronix by 16.0% during the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after buying an additional 182,552 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Lantronix by 4.8% during the fourth quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after buying an additional 24,250 shares during the period. Barclays PLC purchased a new position in shares of Lantronix during the third quarter worth $176,000. Jump Financial LLC boosted its position in shares of Lantronix by 115.4% during the fourth quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock worth $187,000 after buying an additional 17,138 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Lantronix during the fourth quarter worth $148,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Lantronix Price Performance

Lantronix stock traded down $0.23 during midday trading on Tuesday, reaching $3.76. The company’s stock had a trading volume of 92,513 shares, compared to its average volume of 297,694. Lantronix, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a quick ratio of 1.32, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $3.58 and a 200-day simple moving average of $4.60.

Lantronix (NASDAQ:LTRXGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The technology company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The company had revenue of $41.18 million for the quarter, compared to analysts’ expectations of $40.80 million. On average, equities analysts predict that Lantronix, Inc. will post -0.06 EPS for the current year.

Analysts Set New Price Targets

LTRX has been the subject of a number of recent research reports. Craig Hallum decreased their target price on Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. StockNews.com upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Lantronix in a report on Tuesday, April 30th. Lake Street Capital decreased their target price on Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Finally, Roth Mkm reiterated a “buy” rating and issued a $9.00 target price on shares of Lantronix in a report on Tuesday, April 30th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $8.50.

Read Our Latest Research Report on Lantronix

Insider Buying and Selling at Lantronix

In other news, CEO Saleel Awsare bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $3.66 per share, for a total transaction of $36,600.00. Following the completion of the transaction, the chief executive officer now owns 30,000 shares of the company’s stock, valued at $109,800. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jason Cohenour bought 21,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $3.63 per share, for a total transaction of $76,230.00. Following the completion of the transaction, the director now owns 33,909 shares of the company’s stock, valued at $123,089.67. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Saleel Awsare acquired 10,000 shares of Lantronix stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $3.66 per share, with a total value of $36,600.00. Following the completion of the purchase, the chief executive officer now owns 30,000 shares in the company, valued at $109,800. The disclosure for this purchase can be found here. 17.30% of the stock is owned by insiders.

Lantronix Company Profile

(Free Report)

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.

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Institutional Ownership by Quarter for Lantronix (NASDAQ:LTRX)

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