Netlist, Inc. (NASDAQ:NLST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $0.75 price objective on the semiconductor company’s stock. Zacks Investment Research‘s target price points to a potential upside of 5.63% from the company’s previous close.

According to Zacks, “Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company’s memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. “

Several other research analysts have also recently commented on NLST. B. Riley reiterated a “buy” rating and issued a $2.80 target price on shares of Netlist in a report on Monday, August 7th. ValuEngine cut shares of Netlist from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Roth Capital began coverage on shares of Netlist in a report on Thursday, August 24th. They issued a “buy” rating and a $2.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $2.30.

Netlist (NASDAQ:NLST) traded up 1.28% during trading on Friday, hitting $0.71. 162,932 shares of the stock were exchanged. The firm’s market cap is $43.96 million. The stock’s 50-day moving average price is $0.83 and its 200-day moving average price is $1.03. Netlist has a 12-month low of $0.55 and a 12-month high of $1.40.

Netlist (NASDAQ:NLST) last posted its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). The firm had revenue of $11.40 million for the quarter, compared to the consensus estimate of $10.65 million. On average, equities analysts expect that Netlist will post ($0.16) EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Dialectic Capital Management LP boosted its holdings in shares of Netlist by 1.2% during the first quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock worth $1,362,000 after purchasing an additional 16,511 shares during the period. Royce & Associates LP boosted its holdings in shares of Netlist by 20.1% during the first quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock worth $1,188,000 after purchasing an additional 200,500 shares during the period. Finally, B. Riley Financial Inc. boosted its holdings in shares of Netlist by 42.9% during the second quarter. B. Riley Financial Inc. now owns 1,351,013 shares of the semiconductor company’s stock worth $1,378,000 after purchasing an additional 405,375 shares during the period. Institutional investors and hedge funds own 21.30% of the company’s stock.

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).

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