Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) rose 6.9% on Wednesday . The stock traded as high as $5.48 and last traded at $5.47. Approximately 1,030,536 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,911,906 shares. The stock had previously closed at $5.1150.
Wall Street Analysts Forecast Growth
NLST has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating and set a $15.00 price target on shares of Netlist in a research note on Wednesday, August 12th. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.
View Our Latest Stock Analysis on Netlist
Netlist Trading Up 6.9%
Institutional Trading of Netlist
An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new stake in Netlist, Inc. (OTCMKTS:NLST – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.
Netlist Company Profile
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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