Lantronix, Inc. $LTRX Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC lessened its stake in shares of Lantronix, Inc. (NASDAQ:LTRX) by 80.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the technology company’s stock after selling 200,200 shares during the quarter. Manatuck Hill Partners LLC owned about 0.13% of Lantronix worth $293,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LTRX. Jane Street Group LLC grew its holdings in Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock valued at $178,000 after buying an additional 11,728 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Lantronix during the second quarter worth $86,000. Marshall Wace LLP boosted its holdings in shares of Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after purchasing an additional 42,838 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Lantronix during the third quarter worth $164,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Trading Down 2.1%

Shares of LTRX opened at $6.46 on Thursday. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $284.11 million, a P/E ratio of -38.00 and a beta of 1.64. The stock’s fifty day simple moving average is $6.55 and its 200 day simple moving average is $6.18. Lantronix, Inc. has a twelve month low of $2.43 and a twelve month high of $8.75.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities research analysts forecast that Lantronix, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Sunday. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Canaccord Genuity Group assumed coverage on Lantronix in a report on Monday, June 8th. They set a “buy” rating and a $10.50 price objective on the stock. Needham & Company LLC assumed coverage on Lantronix in a report on Friday, June 12th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.88.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.