2 weeks Ago By ABMN Staff
Bank of New York Mellon Corp boosted its holdings in shares of Lantronix, Inc. ( NASDAQ:LTRX – Free Report ) by 84.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 41,502 shares of the technology company’s stock after purchasing an additional 18,996 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lantronix were worth $171,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Barclays PLC increased its position in Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after acquiring an additional 43,770 shares during the period.
Walleye Capital LLC grew its position in Lantronix by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after purchasing an additional 27,325 shares during the last quarter.
Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Lantronix during the 3rd quarter worth about $60,000.
Finally, Geode Capital Management LLC raised its position in shares of Lantronix by 3.2% during the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after buying an additional 10,413 shares during the last quarter.
Institutional investors and hedge funds own 39.38% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently issued reports on LTRX shares.
Needham & Company LLC restated a “buy” rating and set a $5.50 price target on shares of Lantronix in a research note on Tuesday, January 21st. Lake Street Capital decreased their price objective on Lantronix from $6.
00 to $5.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Canaccord Genuity Group reduced their target price on Lantronix from $5.
00 to $4.50 and set a “buy” rating for the company in a research report on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $6.
00. Insiders Place Their Bets In related news, Director Kevin S. Palatnik bought 20,000 shares of the company’s stock in a transaction on Friday, February 28th.
The stock was bought at an average cost of $2.54 per share, with a total value of $50,800.00.
Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $50,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website .
Also, Director Hoshi Printer bought 15,000 shares of Lantronix stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $2.70 per share, for a total transaction of $40,500.
00. Following the completion of the transaction, the director now directly owns 191,425 shares of the company’s stock, valued at $516,847.50.
This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here .
Over the last quarter, insiders have acquired 50,000 shares of company stock valued at $129,250. 1.60% of the stock is currently owned by corporate insiders.
Lantronix Stock Down 2.7 % Shares of NASDAQ LTRX opened at $2.52 on Friday.
The business has a fifty day moving average of $3.10 and a two-hundred day moving average of $3.48.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.
56. Lantronix, Inc. has a 52-week low of $2.
49 and a 52-week high of $4.55. The stock has a market cap of $97.
75 million, a PE ratio of -19.38 and a beta of 2.00.
Lantronix ( NASDAQ:LTRX – Get Free Report ) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
07 by ($0.13). Lantronix had a negative net margin of 3.
15% and a negative return on equity of 2.62%. As a group, equities research analysts expect that Lantronix, Inc.
will post -0.23 earnings per share for the current fiscal year. 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. Featured Stories Want to see what other hedge funds are holding LTRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lantronix, Inc.
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