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Printer Hoshi, a director at Lantronix Inc. (NASDAQ:LTRX), recently made a significant purchase of the company’s common stock, a notable move given the stock’s 27% decline over the past six months. According to a recent SEC filing, Hoshi acquired 15,000 shares on March 5, 2025, at an average price of approximately $2.70 per share. InvestingPro analysis suggests the stock is currently undervalued, with analysts maintaining a strong buy consensus. This transaction, valued at around $40,492, increases Hoshi’s total holdings to 191,425 shares. The purchase was executed in multiple trades, with prices ranging from $2.69 to $2.70 per share. While the company faces near-term challenges with a current ratio of 2.56 indicating strong liquidity, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of Lantronix’s potential.
In other recent news, Lantronix Inc. reported its financial results for the second quarter of fiscal year 2025, revealing a non-GAAP earnings per share (EPS) of $0.04, which fell short of analysts’ expectations of $0.10. The company’s revenue for the quarter was $31.2 million, also below the anticipated $38.56 million, marking a 16% year-over-year decrease. Despite these results, Lantronix remains focused on its strategic initiatives in edge computing and IoT. Lake Street Capital Markets recently revised its price target for Lantronix to $5.00 from $6.00, maintaining a Buy rating, reflecting optimism about the company’s potential growth in fiscal year 2026. The firm noted that Lantronix’s transition to a run-rate business model and its edge AI products are expected to enhance earnings per share in the future. In a significant development, Lantronix appointed Steve Burrington as Vice President of Global Research and Development, leveraging his extensive experience to strengthen the company’s IoT solutions. The company also highlighted its ongoing collaboration with Qualcomm (NASDAQ:QCOM) to integrate advanced AI frameworks into its systems, aiming to capitalize on the growing edge AI market.
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