SMART Global Holdings, Inc. (NASDAQ:SGH) COO Sells $100,000.00 in Stock

SMART Global Holdings, Inc. (NASDAQ:SGH – Get Rating) COO Jack A. Pacheco sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the transaction, the chief operating officer now owns 205,511 shares of the company’s stock, valued at $4,110,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

SMART Global Price Performance

SGH opened at $21.98 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.63 and a debt-to-equity ratio of 2.38. SMART Global Holdings, Inc. has a 1 year low of $12.04 and a 1 year high of $25.40. The stock has a fifty day moving average price of $16.69 and a 200 day moving average price of $16.61. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 56.36 and a beta of 1.43.

Institutional Investors Weigh In On SMART Global

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in SMART Global by 65.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,621 shares of the company’s stock valued at $26,000 after acquiring an additional 641 shares in the last quarter. CWM LLC raised its holdings in shares of SMART Global by 230.1% during the 4th quarter. CWM LLC now owns 1,928 shares of the company’s stock valued at $29,000 after purchasing an additional 1,344 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of SMART Global in the 4th quarter valued at $32,000. Quantbot Technologies LP bought a new stake in SMART Global in the third quarter worth $34,000. Finally, Captrust Financial Advisors increased its position in SMART Global by 42.2% during the second quarter. Captrust Financial Advisors now owns 2,849 shares of the company’s stock worth $47,000 after buying an additional 846 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on SGH shares. Stifel Nicolaus reduced their price target on shares of SMART Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 target price on shares of SMART Global in a report on Wednesday, April 5th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of SMART Global in a report on Wednesday, April 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $25.40.

SMART Global Company Profile

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SMART Global Holdings, Inc designs and manufactures specialty solutions for the computing, memory, and LED markets. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions.