Dimensional Fund Advisors LP Increases Stock Position in Lantronix, Inc. (NASDAQ:LTRX)

Dimensional Fund Advisors LP increased its stake in Lantronix, Inc. (NASDAQ:LTRX) by 18.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,022,193 shares of the technology company’s stock after acquiring an additional 159,671 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.72% of Lantronix worth $3,629,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LTRX. Vanguard Group Inc. grew its stake in shares of Lantronix by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after buying an additional 131,476 shares during the period. Herald Investment Management Ltd increased its stake in Lantronix by 17.6% in the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock valued at $3,550,000 after purchasing an additional 150,000 shares during the last quarter. AWM Investment Company Inc. lifted its holdings in shares of Lantronix by 29.8% in the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 227,374 shares during the last quarter. Essex Investment Management Co. LLC grew its position in shares of Lantronix by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 6,171 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Lantronix by 89.3% during the second quarter. Acadian Asset Management LLC now owns 196,702 shares of the technology company’s stock worth $697,000 after buying an additional 92,818 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $3.79 on Friday. The business’s 50 day moving average is $3.77 and its 200-day moving average is $3.68. The company has a current ratio of 2.95, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $142.43 million, a PE ratio of -21.06 and a beta of 2.13. Lantronix, Inc. has a 1-year low of $3.08 and a 1-year high of $6.95.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. Sell-side analysts predict that Lantronix, Inc. will post -0.01 earnings per share for the current year.

Insider Buying and Selling at Lantronix

In related news, major shareholder Bernhard Bruscha sold 31,630 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $4.32, for a total value of $136,641.60. Following the transaction, the insider now owns 5,293,503 shares in the company, valued at $22,867,932.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 89,014 shares of company stock worth $371,386. 17.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LTRX has been the subject of several recent research reports. StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Friday, October 4th. Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price objective for the company. Roth Mkm reaffirmed a “buy” rating and set a $9.00 price target on shares of Lantronix in a research report on Monday, June 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.00 target price on shares of Lantronix in a research note on Friday, September 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Lantronix has a consensus rating of “Buy” and an average target price of $7.30.

Lantronix 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.