Netlist, Inc. (NASDAQ:NLST)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Saturday. They currently have a $2.80 target price on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 133.33% from the company’s current price.

Separately, Zacks Investment Research raised shares of Netlist from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Saturday, April 1st.

Netlist (NASDAQ:NLST) remained flat at $1.20 during mid-day trading on Friday. 40,067 shares of the stock traded hands. The stock’s market capitalization is $74.03 million. Netlist has a 1-year low of $0.83 and a 1-year high of $2.19. The company has a 50-day moving average of $1.17 and a 200 day moving average of $1.06.

Netlist (NASDAQ:NLST) last announced its quarterly earnings results on Thursday, May 18th. The semiconductor company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $9.43 million during the quarter, compared to the consensus estimate of $8.25 million. Equities analysts predict that Netlist will post ($0.10) earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of NLST. Geode Capital Management LLC boosted its position in Netlist by 0.3% in the first quarter. Geode Capital Management LLC now owns 277,378 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 906 shares in the last quarter. Vanguard Group Inc. boosted its position in Netlist by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,619,687 shares of the semiconductor company’s stock valued at $1,603,000 after buying an additional 6,500 shares in the last quarter. Royce & Associates LP boosted its position in Netlist by 20.1% in the first quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock valued at $1,188,000 after buying an additional 200,500 shares in the last quarter. Dialectic Capital Management LP boosted its position in Netlist by 1.2% in the first quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 16,511 shares in the last quarter. Finally, Fortress Investment Group LLC boosted its position in Netlist by 130.2% in the fourth quarter. Fortress Investment Group LLC now owns 1,070,654 shares of the semiconductor company’s stock valued at $1,092,000 after buying an additional 605,599 shares in the last quarter. 22.92% of the stock is currently owned by hedge funds and other institutional investors.

Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

12 Month Chart for NASDAQ:NLST

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