683 Capital Management LLC Makes New $1.21 Million Investment in Lantronix, Inc. $LTRX

683 Capital Management LLC acquired a new position in shares of Lantronix, Inc. (NASDAQ:LTRX) during the 4th quarter, Holdings Channel reports. The fund acquired 206,398 shares of the technology company’s stock, valued at approximately $1,209,000.

Several other large investors also recently added to or reduced their stakes in LTRX. R Squared Ltd grew its stake in shares of Lantronix by 24.3% during the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after buying an additional 2,754 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Lantronix during the third quarter valued at approximately $85,000. XTX Topco Ltd bought a new position in shares of Lantronix during the second quarter valued at approximately $86,000. Squarepoint Ops LLC grew its stake in shares of Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after buying an additional 6,654 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Lantronix during the fourth quarter valued at approximately $95,000. 39.38% of the stock is owned by institutional investors.

Lantronix Stock Performance

Shares of LTRX opened at $6.46 on Thursday. Lantronix, Inc. has a 12 month low of $2.43 and a 12 month high of $8.75. The stock has a fifty day moving average price of $6.55 and a 200-day moving average price of $6.18. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $284.11 million, a PE ratio of -38.00 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The business had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts predict that Lantronix, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LTRX. Needham & Company LLC began coverage on Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective on the stock. UBS Group reissued a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Wall Street Zen cut Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Canaccord Genuity Group began coverage on Lantronix in a research note on Monday, June 8th. They issued a “buy” rating and a $10.50 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lantronix presently has an average rating of “Moderate Buy” and a consensus price target of $9.88.

Lantronix Company Profile

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.