Dimensional Fund Advisors LP Raises Stock Holdings in Lantronix, Inc. (NASDAQ:LTRX)

Dimensional Fund Advisors LP lifted its stake in Lantronix, Inc. (NASDAQ:LTRX - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,323,971 shares of the technology company's stock after purchasing an additional 186,479 shares during the quarter. Dimensional Fund Advisors LP owned 3.44% of Lantronix worth $5,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its position in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company's stock worth $257,000 after buying an additional 43,770 shares during the last quarter. Bank of New York Mellon Corp raised its position in Lantronix by 84.4% in the 4th 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 purchased a new position in Lantronix in the 4th quarter worth about $42,000. Truffle Hound Capital LLC purchased a new position in Lantronix in the 4th quarter worth about $4,120,000. Finally, American Century Companies Inc. raised its position in Lantronix by 43.9% in the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company's stock worth $181,000 after buying an additional 13,402 shares during the last quarter. Hedge funds and other institutional investors own 39.38% of the company's stock.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded up $0.07 during mid-day trading on Friday, reaching $2.34. 202,413 shares of the company traded hands, compared to its average volume of 319,550. The company's 50 day moving average price is $2.29 and its 200-day moving average price is $3.00. The firm has a market cap of $91.00 million, a PE ratio of -18.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. Lantronix, Inc. has a 52 week low of $1.91 and a 52 week high of $4.55.

Lantronix (NASDAQ:LTRX - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts expect that Lantronix, Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity at Lantronix

In related news, CEO Saleel Awsare acquired 15,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $2.53 per share, for a total transaction of $37,950.00. Following the purchase, the chief executive officer now owns 253,380 shares in the company, valued at $641,051.40. The trade was a 6.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kevin S. Palatnik acquired 20,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price 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 $50,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 80,011 shares of company stock worth $195,373. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Lake Street Capital decreased their target price on Lantronix from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Needham & Company LLC cut their price target on Lantronix from $5.50 to $4.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Canaccord Genuity Group cut their price target on Lantronix from $4.50 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, StockNews.com downgraded Lantronix from a "buy" rating to a "hold" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5.13.

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.