Nano Cap New Millennium Growth Fund L P Makes New Investment in Lantronix, Inc. $LTRX

Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Lantronix, Inc. (NASDAQ:LTRX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 395,000 shares of the technology company’s stock, valued at approximately $2,315,000. Lantronix comprises approximately 2.0% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also recently bought and sold shares of LTRX. Jane Street Group LLC raised its stake in Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares in the last quarter. XTX Topco Ltd acquired a new position in Lantronix during the second quarter worth $86,000. Marshall Wace LLP raised its stake in Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after acquiring an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Lantronix during the second quarter worth $302,000. Finally, Ritholtz Wealth Management acquired a new position in Lantronix during the third quarter worth $270,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Craig Hallum reiterated a “buy” rating and set a $10.00 price objective on shares of Lantronix in a research note on Thursday, February 5th. Needham & Company LLC increased their target price on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Thursday, February 5th. Wall Street Zen cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.83.

Insider Transactions at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider owned 55,569 shares in the company, valued at $345,083.49. This trade represents a 20.66% 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. 2.40% of the stock is currently owned by corporate insiders.

Lantronix Price Performance

Shares of LTRX stock opened at $6.44 on Friday. The stock’s fifty day moving average is $6.03 and its 200-day moving average is $5.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74. The stock has a market capitalization of $256.44 million, a PE ratio of -37.88 and a beta of 1.63. Lantronix, Inc. has a 52 week low of $2.12 and a 52 week high of $8.24.

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

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.