8 Best Robotics Stocks Under $10

3. Lantronix Inc (NASDAQ:LTRX)

Share Price as of June 11: $3.66

Number of Hedge Fund Holders: 17

Lantronix, Inc. (NASDAQ:LTRX), ranked among the top three robotics stocks under $10 on our list, provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure worldwide. In addition to developing its own advanced kits and hardware designs, Lantronix collaborates with customers to implement various AI and machine learning solutions. Founded in 1989, the company is headquartered in Irvine, California.

In its third-quarter 2024 report, Lantronix posted an EPS of $0.11 and revenue of $41.2 million, the latter being up 11% sequentially and up 25% on a YoY basis, surpassing analysts’ expectations and aligning with the company’s outlook. For the current quarter, Lantronix, Inc. (NASDAQ:LTRX) expects revenue to be between $46.5 million and $51.5 million, with EPS ranging from $0.12 to $0.18.

As of the end of March, 17 hedge funds in our database were bullish on Lantronix, Inc. (NASDAQ:LTRX). George McCabe’s Portolan Capital Management holds the largest position, with 578,180 shares.

Wasatch Micro Cap Value Strategy stated the following regarding Lantronix, Inc. (NASDAQ:LTRX) in its first quarter 2024 investor letter:

“Another significant detractor was Lantronix, Inc. (NASDAQ:LTRX), which provides integrated software and application development, software as a service (SaaS) management, intelligent edge computing and a wide range of sensors and trackers. The stock moved higher early in the quarter based on expectations for strong revenues and earnings. But when the numbers were released later in the quarter, the stock plummeted because Lantronix failed to meet expectations. While we were disappointed along with other investors, we note that revenues and earnings did in fact increase—albeit modestly. Considering the attractive valuation currently, we’ve maintained our position in the company.”