Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) saw strong trading volume on Thursday . 1,964,437 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 1,878,381 shares.The stock last traded at $5.18 and had previously closed at $6.14.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reiterated a “buy” rating and issued a $15.00 target price on shares of Netlist in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.
Get Our Latest Report on Netlist
Netlist Trading Down 12.2%
Institutional Trading of Netlist
A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new position in shares of Netlist, Inc. (OTCMKTS:NLST – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.
About Netlist
Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.
Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.
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