Zacks Investment Research upgraded shares of Netlist, Inc. (NASDAQ:NLST) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $0.75 price objective on the semiconductor company’s stock.

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. “

A number of other research firms also recently weighed in on NLST. B. Riley reiterated a buy rating and set a $2.80 price target on shares of Netlist in a research note on Monday, August 7th. ValuEngine cut Netlist from a sell rating to a strong sell rating in a report on Friday, September 1st. Finally, Roth Capital began coverage on Netlist in a report on Thursday, August 24th. They set a buy rating and a $2.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $2.30.

Shares of Netlist (NASDAQ NLST) opened at 0.735 on Tuesday. The company has a 50 day moving average of $0.81 and a 200-day moving average of $1.03. The firm’s market cap is $45.51 million. 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 results on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $11.40 million for the quarter, compared to analysts’ expectations of $10.65 million. Equities research analysts forecast that Netlist will post ($0.16) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Dialectic Capital Management LP lifted 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 valued at $1,362,000 after acquiring an additional 16,511 shares during the period. Royce & Associates LP lifted 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 valued at $1,188,000 after acquiring an additional 200,500 shares during the period. Finally, B. Riley Financial Inc. lifted 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 valued at $1,378,000 after acquiring an additional 405,375 shares during the period. 19.35% of the stock is owned by 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).

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