November 17, 2016 - By Peter Erickson · 0 Comments
Netlist Inc (NASDAQ:NLST) institutional sentiment increased to 2.25 in Q2 2016. Its up 1.37, from 0.88 in 2016Q1. The ratio improved, as 9 investment professionals increased and started new holdings, while 4 reduced and sold their positions in Netlist Inc. The investment professionals in our partner’s database now have: 8.57 million shares, up from 7.77 million shares in 2016Q1. Also, the number of investment professionals holding Netlist Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 2 Increased: 6 New Position: 3.
Netlist, Inc. designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The company has a market cap of $58.46 million. The Firm operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. It currently has negative earnings. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits , NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).
The stock increased 4.46% or $0.05 on November 16, hitting $1.17. Netlist, Inc. (NASDAQ:NLST) has declined 13.33% since April 15, 2016 and is downtrending. It has underperformed by 17.96% the S&P500.
According to Zacks Investment Research, “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.”
Awm Investment Company Inc. holds 1.24% of its portfolio in Netlist, Inc. for 4.97 million shares. Eam Investors Llc owns 854,876 shares or 0.15% of their US portfolio. Moreover, Fortress Investment Group Llc has 0.02% invested in the company for 674,300 shares. The Minnesota-based White Pine Capital Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 228 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 sale for $334,000 net activity.
Ratings analysis reveals 67% of Netlist’s analysts are positive. Out of 3 Wall Street analysts rating Netlist, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. NLST was included in 4 notes of analysts from September 1, 2015. Zacks upgraded the stock to “Sell” rating in Tuesday, September 1 report. The stock of Netlist, Inc. (NASDAQ:NLST) earned “Buy” rating by B. Riley & Co on Thursday, September 22. The stock of Netlist, Inc. (NASDAQ:NLST) earned “Hold” rating by Zacks on Thursday, September 17.
Netlist, Inc., incorporated on June 12, 2000, designs, makes and sells a range of memory subsystems for datacenter, data storage and computing markets. The Firm 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). The Firm primarily markets and sells its products to original equipment maker (OEM) customers, hyper scale datacenter operators and data storage vendors. The Company’s products include NVvault, HyperCloud, and specialty memory modules and flash products.
More news for Netlist, Inc. (NASDAQ:NLST) were recently published by: Marketwatch.com, which released: “Netlist started at speculative buy with $4 stock price target at Benchmark Co.” on December 21, 2009. Prnewswire.com‘s article titled: “Netlist Unveils HybriDIMMâ„¢ Storage Class Memory Product With Key Industry …” and published on August 09, 2016 is yet another important article.
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By Peter Erickson