B. Riley Financial Inc. grew its holdings in Netlist, Inc. (NASDAQ:NLST) by 42.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,351,013 shares of the semiconductor company’s stock after acquiring an additional 405,375 shares during the period. B. Riley Financial Inc. owned about 2.18% of Netlist worth $1,378,000 as of its most recent SEC filing.

Separately, Dialectic Capital Management LP raised its stake in shares of Netlist by 1.2% in 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 acquiring an additional 16,511 shares during the period. Institutional investors own 19.35% of the company’s stock.

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Netlist (NASDAQ:NLST) last posted its earnings results 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 business had revenue of $11.40 million for the quarter, compared to analysts’ expectations of $10.65 million.

A number of equities analysts have recently commented on NLST shares. B. Riley reissued a “buy” rating and issued a $2.46 target price on shares of Netlist in a research note on Friday, August 18th. ValuEngine downgraded shares of Netlist from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Netlist from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $2.30.

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).

Institutional Ownership by Quarter for Netlist (NASDAQ:NLST)

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