Smart Global Holdings Inc (NASDAQ:SGH) VP Bruce M. Goldberg sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $32.04, for a total transaction of $115,344.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

SGH opened at $30.54 on Friday. The company has a market capitalization of $670.12 million, a price-to-earnings ratio of 14.97 and a beta of -0.65. Smart Global Holdings Inc has a 1-year low of $20.29 and a 1-year high of $56.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.13.

Smart Global (NASDAQ:SGH) last posted its quarterly earnings results on Thursday, June 21st. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.07. The business had revenue of $335.50 million during the quarter, compared to analyst estimates of $331.47 million. Smart Global had a net margin of 6.99% and a return on equity of 94.82%. The company’s revenue was up 62.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. equities research analysts anticipate that Smart Global Holdings Inc will post 5.89 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors bought a new position in shares of Smart Global in the first quarter worth approximately $128,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Smart Global in the first quarter worth $154,000. NumerixS Investment Technologies Inc purchased a new position in shares of Smart Global in the second quarter worth $256,000. Brown Advisory Inc. purchased a new position in shares of Smart Global in the first quarter worth $277,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Smart Global in the second quarter worth $285,000. Institutional investors and hedge funds own 83.56% of the company’s stock.

Several analysts recently issued reports on SGH shares. BidaskClub lowered shares of Smart Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Deutsche Bank boosted their target price on shares of Smart Global from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Stifel Nicolaus boosted their target price on shares of Smart Global from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered shares of Smart Global from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Finally, ValuEngine lowered shares of Smart Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $49.94.

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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Insider Buying and Selling by Quarter for Smart Global (NASDAQ:SGH)

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