AWM Investment Company Inc. Takes Position in Lantronix, Inc. $LTRX

Key Points

• AWM Investment Company acquired 1.25 million Lantronix shares worth approximately $7.35 million, giving it a 2.84% ownership stake.
• Institutional ownership of Lantronix stands at 39.38%, with several other hedge funds and investment firms recently establishing new positions.
• Analyst sentiment is generally positive, with six Buy ratings and one Sell rating, resulting in a “Moderate Buy” consensus and an average price target of $10.40 versus the stock’s $5.86 opening price.

AWM Investment Company Inc. purchased a new stake in Lantronix, Inc. (NASDAQ:LTRX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,250,000 shares of the technology company's stock, valued at approximately $7,350,000. AWM Investment Company Inc. owned about 2.84% of Lantronix as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in Lantronix during the 4th quarter valued at about $68,000. Globeflex Capital L P acquired a new stake in shares of Lantronix during the 2nd quarter worth approximately $76,000. Bridgeway Capital Management LLC acquired a new stake in shares of Lantronix during the 3rd quarter worth approximately $85,000. Balyasny Asset Management L.P. bought a new stake in shares of Lantronix during the fourth quarter worth approximately $86,000. Finally, XTX Topco Ltd bought a new stake in shares of Lantronix during the second quarter worth approximately $86,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LTRX shares. Canaccord Genuity Group increased their price target on Lantronix from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. JonesTrading initiated coverage on Lantronix in a research note on Wednesday, July 15th. They set a "buy" rating and a $12.00 price objective for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lantronix in a report on Friday, July 17th. Wall Street Zen lowered Lantronix from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, UBS Group restated a "buy" rating on shares of Lantronix in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $10.40.

Lantronix Stock Up 2.1%

Lantronix stock opened at $5.86 on Wednesday. The company has a 50 day moving average of $5.76 and a 200-day moving average of $6.05. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. Lantronix, Inc. has a twelve month low of $3.58 and a twelve month high of $8.75. The stock has a market capitalization of $257.72 million, a PE ratio of -34.47 and a beta of 1.70.

About Lantronix

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.

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