Netlist (NLST) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Netlist (NASDAQ:NLST) from a sell rating to a hold rating in a research note released on Tuesday morning.
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. “
Separately, ValuEngine upgraded shares of Netlist from a strong sell rating to a sell rating in a research report on Friday, February 2nd.
An institutional investor recently raised its position in Netlist stock. Royce & Associates LP boosted its position in Netlist, Inc. (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the quarter. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 at the end of the most recent quarter. 16.02% of the stock is currently owned by institutional investors and hedge funds.
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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