Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) Director Buys $43,500.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of $2.90 per share, with a total value of $43,500.00. Following the completion of the transaction, the director now directly owns 176,075 shares in the company, valued at $510,617.50. The trade was a 9.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lantronix Stock Up 2.7 %

NASDAQ:LTRX opened at $3.00 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The company’s fifty day moving average price is $3.60 and its 200-day moving average price is $3.70. Lantronix, Inc. has a 1-year low of $2.48 and a 1-year high of $6.95. The firm has a market capitalization of $115.41 million, a P/E ratio of -21.43 and a beta of 2.14.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. As a group, equities research analysts anticipate that Lantronix, Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LTRX shares. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC cut their target price on Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Canaccord Genuity Group lowered their price target on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Lantronix presently has an average rating of “Buy” and a consensus target price of $6.50.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after purchasing an additional 131,476 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after buying an additional 159,671 shares in the last quarter. Herald Investment Management Ltd boosted its holdings in Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after buying an additional 150,000 shares in the last quarter. First Eagle Investment Management LLC grew its position in Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Lantronix by 30.4% in the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after buying an additional 152,400 shares in the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

Lantronix Company Profile

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.