Netlist (NASDAQ:NLST) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Netlist (NASDAQ:NLST) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Netlist stock opened at $0.33 on Wednesday. The company has a 50 day moving average of $0.34. Netlist has a 12-month low of $0.10 and a 12-month high of $1.10.

Netlist (NASDAQ:NLST) last posted its quarterly earnings data on Tuesday, May 14th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $5.11 million during the quarter, compared to the consensus estimate of $8.00 million.

In other news, CEO Chun K. Hong sold 150,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $0.35, for a total value of $52,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.90% of the company’s stock.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

Further Reading: Institutional Investors

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