Lantronix

Squarepoint Ops LLC lessened its stake in shares of Lantronix, Inc. (NASDAQ:LTRX – Free Report) by 67.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,228 shares of the technology company’s stock after selling 27,725 shares during the quarter. Squarepoint Ops LLC’s holdings in Lantronix were worth $54,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Lantronix by 84.4% in the fourth quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after buying an additional 18,996 shares during the last quarter. Amundi bought a new stake in shares of Lantronix in the 4th quarter worth about $42,000. Truffle Hound Capital LLC bought a new stake in shares of Lantronix in the 4th quarter worth about $4,120,000. American Century Companies Inc. raised its stake in shares of Lantronix by 43.9% in the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company’s stock valued at $181,000 after purchasing an additional 13,402 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Lantronix in the 4th quarter valued at about $444,000. Institutional investors and hedge funds own 39.38% of the company’s stock. Analyst Ratings Changes Several research analysts have recently commented on LTRX shares. Wall Street Zen lowered shares of Lantronix from a “buy” rating to a “hold” rating in a report on Monday, May 12th. Canaccord Genuity Group decreased their price target on shares of Lantronix from $4.50 to $3.00 and set a “buy” rating for the company in a report on Monday, May 12th. Lake Street Capital decreased their price target on shares of Lantronix from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC decreased their price target on shares of Lantronix from $5.50 to $4.50 and set a “buy” rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.13. Read Our Latest Report on LTRX Lantronix Price Performance Shares of NASDAQ:LTRX opened at $2.36 on Wednesday. Lantronix, Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $4.55. The business has a 50-day moving average of $2.17 and a two-hundred day moving average of $2.90. The stock has a market capitalization of $91.78 million, a P/E ratio of -18.15 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. Insider Activity In related news, CEO Saleel Awsare acquired 15,011 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $2.11 per share, with a total value of $31,673.21. Following the completion of the transaction, the chief executive officer now owns 268,391 shares of the company’s stock, valued at approximately $566,305.01. This represents a 5.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders purchased 40,011 shares of company stock valued at $88,523. Insiders own 1.60% of the company’s stock. 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.» Mehr auf defenseworld.net

IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that Sailesh Chittipeddi, Ph.D., has joined the Lantronix Board of Directors as an independent director, effective May 6, 2025. Following the appointment of Chittipeddi, the Lantronix Board of Directors will be comprised of five directors, four of whom are independent under applicable listing standards of the Nasdaq Stock Market.» Mehr auf globenewswire.com

Lantronix, Inc. LTRX reported in-line earnings for the third quarter, after the closing bell on Thursday.» Mehr auf benzinga.com