Zacks Investment Research upgraded shares of Netlist, Inc. (NASDAQ:NLST) from a hold rating to a buy rating in a research note released on Friday morning. Zacks Investment Research currently has $0.75 target price 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. “

Other equities research analysts have also recently issued research reports about the stock. Roth Capital started coverage on shares of Netlist in a research note on Thursday, August 24th. They issued a buy rating and a $2.00 price objective for the company. B. Riley reaffirmed a buy rating and issued a $2.46 price objective on shares of Netlist in a research note on Wednesday, August 23rd. Finally, ValuEngine cut shares of Netlist from a sell rating to a strong sell rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Netlist currently has a consensus rating of Buy and an average target price of $2.30.

Netlist (NASDAQ NLST) traded up 1.28% during trading on Friday, hitting $0.71. 162,932 shares of the stock traded hands. The company has a 50-day moving average price of $0.83 and a 200-day moving average price of $1.03. Netlist has a 12 month low of $0.55 and a 12 month high of $1.40. The stock’s market cap is $43.96 million.

Netlist (NASDAQ:NLST) last announced its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.01). The firm had revenue of $11.40 million for the quarter, compared to the consensus estimate of $10.65 million. Equities research analysts expect that Netlist will post ($0.16) EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Dialectic Capital Management LP raised its holdings in Netlist by 1.2% during the 1st quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock valued at $1,362,000 after buying an additional 16,511 shares during the last quarter. B. Riley Financial Inc. raised its holdings in Netlist by 42.9% during the 2nd quarter. B. Riley Financial Inc. now owns 1,351,013 shares of the semiconductor company’s stock valued at $1,378,000 after buying an additional 405,375 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Netlist by 20.1% during the 1st quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock valued at $1,188,000 after buying an additional 200,500 shares during the last quarter. Institutional investors own 21.30% of the company’s stock.

About Netlist

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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