Smart Global Holdings Inc (NASDAQ:SGH) Director Iain Mackenzie sold 10,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $21.31, for a total value of $213,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Iain Mackenzie also recently made the following trade(s):
- On Friday, March 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The shares were sold at an average price of $23.95, for a total value of $239,500.00.
- On Friday, February 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The shares were sold at an average price of $28.78, for a total value of $287,800.00.
SGH stock opened at $21.94 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.78. The firm has a market cap of $487.26 million, a PE ratio of 3.66, a PEG ratio of 0.48 and a beta of 0.28. Smart Global Holdings Inc has a fifty-two week low of $18.27 and a fifty-two week high of $51.63.
Smart Global (NASDAQ:SGH) last posted its quarterly earnings results on Thursday, March 28th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.12). The firm had revenue of $304.10 million for the quarter, compared to the consensus estimate of $317.27 million. Smart Global had a return on equity of 61.87% and a net margin of 7.49%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. On average, equities analysts forecast that Smart Global Holdings Inc will post 3.03 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Park West Asset Management LLC bought a new position in Smart Global in the 4th quarter worth about $59,400,000. BlackRock Inc. boosted its stake in Smart Global by 137.4% in the 4th quarter. BlackRock Inc. now owns 1,661,267 shares of the company’s stock worth $49,339,000 after purchasing an additional 961,590 shares during the period. Brown Advisory Inc. bought a new position in Smart Global in the 4th quarter worth about $13,005,000. Dimensional Fund Advisors LP bought a new position in Smart Global in the 3rd quarter worth about $12,166,000. Finally, Vanguard Group Inc boosted its stake in Smart Global by 33.4% in the 3rd quarter. Vanguard Group Inc now owns 1,667,132 shares of the company’s stock worth $47,913,000 after purchasing an additional 417,170 shares during the period. Institutional investors own 99.44% of the company’s stock.
Several equities research analysts have recently issued reports on SGH shares. BidaskClub raised Smart Global from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Roth Capital cut their price target on Smart Global from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 9th. Stifel Nicolaus cut their price target on Smart Global from $62.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 9th. Barclays reiterated a “buy” rating and set a $38.00 price target on shares of Smart Global in a research note on Thursday, January 10th. Finally, Deutsche Bank cut their price target on Smart Global from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, March 29th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.
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Smart Global Company Profile
SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.
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