Netlist, Inc. (OTCMKTS:NLST – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.26, but opened at $5.60. Netlist shares last traded at $5.38, with a volume of 265,248 shares.
Analysts Set New Price Targets
A number of research firms recently commented on NLST. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reissued a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.
Read Our Latest Research Report on Netlist
Netlist Trading Up 3.6%
Hedge Funds Weigh In On Netlist
A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC purchased a new position in Netlist, Inc. (OTCMKTS:NLST – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.
Netlist Company Profile
Netlist, Inc is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.
Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.
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