First Eagle Investment Management LLC Has $563,000 Stock Holdings in Lantronix, Inc. $LTRX

First Eagle Investment Management LLC trimmed its stake in shares of Lantronix, Inc. (NASDAQ:LTRX) by 56.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,297 shares of the technology company’s stock after selling 161,228 shares during the quarter. First Eagle Investment Management LLC’s holdings in Lantronix were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC increased its position in Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock valued at $178,000 after purchasing an additional 11,728 shares during the period. XTX Topco Ltd bought a new stake in shares of Lantronix in the 2nd quarter valued at $86,000. Panagora Asset Management Inc. acquired a new stake in shares of Lantronix during the second quarter worth $268,000. 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 buying an additional 42,838 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in Lantronix during the second quarter worth $302,000. 39.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Lake Street Capital upped their price target on shares of Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price on shares of Lantronix in a research note on Thursday, February 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Finally, Needham & Company LLC increased their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.38.

Lantronix Trading Up 0.2%

Shares of Lantronix stock opened at $5.92 on Friday. The stock has a market capitalization of $234.96 million, a PE ratio of -24.67 and a beta of 1.53. Lantronix, Inc. has a 52 week low of $1.91 and a 52 week high of $8.24. The stock has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $5.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.The company had revenue of $29.77 million for the quarter, compared to analyst estimates of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities analysts anticipate that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

Lantronix 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.