Chun K. Hong Sells 24,732 Shares of Netlist, Inc. (NLST) Stock

Netlist, Inc. (NASDAQ:NLST) CEO Chun K. Hong sold 24,732 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1.09, for a total transaction of $26,957.88. Following the sale, the chief executive officer now owns 85,568 shares of the company’s stock, valued at $93,269.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Netlist, Inc. (NLST) traded up 0.94% during mid-day trading on Tuesday, hitting $1.07. 22,670 shares of the stock were exchanged. The firm’s market capitalization is $66.17 million. Netlist, Inc. has a 52 week low of $0.83 and a 52 week high of $2.19. The company’s 50-day moving average price is $1.20 and its 200 day moving average price is $1.07.

Netlist (NASDAQ:NLST) last posted its quarterly earnings data on Thursday, May 18th. The semiconductor company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $9.43 million during the quarter, compared to analysts’ expectations of $8.25 million. Equities research analysts expect that Netlist, Inc. will post ($0.07) EPS for the current year.

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A number of hedge funds have recently bought and sold shares of NLST. Royce & Associates LP raised its stake in Netlist by 20.1% in the first quarter. Royce & Associates LP now owns 1,200,500 shares of the semiconductor company’s stock worth $1,188,000 after buying an additional 200,500 shares during the period. Dialectic Capital Management LP raised its stake in Netlist by 1.2% in the first quarter. Dialectic Capital Management LP now owns 1,375,882 shares of the semiconductor company’s stock worth $1,362,000 after buying an additional 16,511 shares during the period. Vanguard Group Inc. raised its stake in Netlist by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,619,687 shares of the semiconductor company’s stock worth $1,603,000 after buying an additional 6,500 shares during the period. Finally, Geode Capital Management LLC raised its stake in Netlist by 0.3% in the first quarter. Geode Capital Management LLC now owns 277,378 shares of the semiconductor company’s stock worth $274,000 after buying an additional 906 shares during the period. 31.74% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on NLST shares. B. Riley reiterated a “buy” rating and set a $2.80 target price on shares of Netlist in a report on Saturday, May 20th. Zacks Investment Research upgraded shares of Netlist from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a report on Saturday, April 1st.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NLST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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