Smart Global Holdings Inc (NASDAQ:SGH)’s share price traded down 5.4% during mid-day trading on Monday . The stock traded as low as $41.25 and last traded at $42.55. 950,499 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 679,353 shares. The stock had previously closed at $44.99.

Several equities analysts recently issued reports on the company. Needham & Company LLC upped their target price on Smart Global from $46.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, March 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price target (up from $40.00) on shares of Smart Global in a research report on Friday, December 22nd. Deutsche Bank increased their price target on Smart Global from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 19th. BidaskClub raised Smart Global from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Finally, Zacks Investment Research downgraded Smart Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.19.

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The stock has a market capitalization of $994.55 and a price-to-earnings ratio of 20.86. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.62 and a quick ratio of 1.08.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.40. The company had revenue of $314.00 million for the quarter, compared to the consensus estimate of $290.06 million. Smart Global had a return on equity of 100.66% and a net margin of 5.50%. Smart Global’s quarterly revenue was up 82.6% compared to the same quarter last year. research analysts predict that Smart Global Holdings Inc will post 5.94 EPS for the current year.

In other news, VP Alan Marten sold 8,700 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $35.72, for a total transaction of $310,764.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of the stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $45.20, for a total transaction of $90,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,114,236 shares of company stock worth $95,273,590 over the last ninety days. 6.90% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of Smart Global by 3.3% during the 4th quarter. Deutsche Bank AG now owns 59,457 shares of the company’s stock worth $2,002,000 after acquiring an additional 1,911 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Smart Global during the 4th quarter worth about $101,000. SG Americas Securities LLC purchased a new stake in shares of Smart Global during the 3rd quarter worth about $103,000. Tower Research Capital LLC TRC boosted its stake in shares of Smart Global by 2,373.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,798 shares of the company’s stock worth $162,000 after acquiring an additional 4,604 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Smart Global during the 3rd quarter worth about $133,000. 85.69% of the stock is currently owned by institutional investors and hedge funds.

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About Smart Global

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

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