RK Capital Management LLC cut its stake in Lantronix, Inc. (NASDAQ:LTRX – Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 842,200 shares of the technology company’s stock after selling 45,100 shares during the quarter. RK Capital […]
StockNews.com upgraded shares of Lantronix (NASDAQ:LTRX – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning. A number of other brokerages have also weighed in on LTRX. Craig Hallum decreased their price objective on Lantronix from $7.00 to $6.00 and set a buy rating […]
Lantronix (NASDAQ:LTRX – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday. Several other research analysts have also commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price objective on shares of Lantronix in […]
Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) saw a large increase in short interest in April. As of April 30th, there was short interest totalling 243,500 shares, an increase of 7.0% from the April 15th total of 227,600 shares. Based on an average daily trading volume, of 358,200 shares, the days-to-cover ratio is currently 0.7 […]
Two Irvine-based tech companies last week reported quarterly results that are foreshadowing future industry trends.Skyworks Solutions Inc. forecast on April 30 that its fiscal third-quarter sales and adjusted profit will be much lower than analysts expected. It cited slowing mobile device sales. Shares dropped 15% in the following trading session to $90.30, for a $14.4 billion market cap (Nasdaq: SWKS).