Roth Capital initiated coverage on shares of Netlist, Inc. (NASDAQ:NLST) in a research note released on Thursday morning. The brokerage issued a buy rating and a $2.00 price objective on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. B. Riley restated a buy rating and issued a $2.80 price objective on shares of Netlist in a report on Saturday, May 20th. Zacks Investment Research upgraded Netlist from a sell rating to a hold rating in a report on Wednesday, July 26th.

Netlist (NASDAQ:NLST) traded up 8.7267% during mid-day trading on Thursday, hitting $0.7002. 1,038,805 shares of the stock traded hands. Netlist has a 12-month low of $0.55 and a 12-month high of $2.19. The firm’s 50-day moving average is $1.02 and its 200-day moving average is $1.07. The company’s market cap is $43.36 million.

Netlist (NASDAQ:NLST) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $11.40 million during the quarter, compared to analysts’ expectations of $10.65 million. Equities research analysts expect that Netlist will post ($0.15) EPS for the current year.

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In other news, CEO Chun K. Hong sold 24,732 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $1.09, for a total value of $26,957.88. Following the sale, the chief executive officer now owns 85,568 shares in the company, valued at $93,269.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Chun K. Hong sold 101,262 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $1.17, for a total transaction of $118,476.54. Following the completion of the sale, the chief executive officer now owns 85,568 shares in the company, valued at approximately $100,114.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,200 shares of company stock worth $228,545. Corporate insiders own 15.42% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Royce & Associates LP increased its stake in shares of Netlist by 20.1% in the first 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. B. Riley Financial Inc. increased its stake in shares of Netlist by 42.9% in the second 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, Dialectic Capital Management LP increased its stake in shares of Netlist by 1.2% in the first 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. Institutional investors and hedge funds own 31.74% of the company’s stock.

Netlist Company Profile

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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