Smart Global Holdings Inc (NASDAQ:SGH) insider Alan Marten sold 8,800 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $29.33, for a total value of $258,104.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alan Marten also recently made the following trade(s):

  • On Monday, October 15th, Alan Marten sold 8,800 shares of Smart Global stock. The stock was sold at an average price of $31.79, for a total value of $279,752.00.
  • On Monday, September 17th, Alan Marten sold 8,800 shares of Smart Global stock. The stock was sold at an average price of $29.70, for a total value of $261,360.00.

NASDAQ:SGH opened at $31.90 on Monday. The firm has a market cap of $721.13 million, a P/E ratio of 5.32, a price-to-earnings-growth ratio of 0.32 and a beta of 0.26. Smart Global Holdings Inc has a 1-year low of $25.84 and a 1-year high of $56.69. The company has a current ratio of 1.76, a quick ratio of 1.02 and a debt-to-equity ratio of 0.98.

Smart Global (NASDAQ:SGH) last posted its quarterly earnings results on Thursday, October 4th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.06. Smart Global had a return on equity of 92.01% and a net margin of 9.27%. The firm had revenue of $373.97 million for the quarter, compared to analyst estimates of $368.51 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Smart Global’s quarterly revenue was up 67.7% on a year-over-year basis. Equities research analysts predict that Smart Global Holdings Inc will post 6.61 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Hillcrest Asset Management LLC acquired a new position in Smart Global in the 2nd quarter worth about $3,624,000. Hennessy Advisors Inc. acquired a new position in Smart Global in the 2nd quarter worth about $3,101,000. Oppenheimer & Co. Inc. acquired a new position in Smart Global in the 2nd quarter worth about $285,000. Alambic Investment Management L.P. increased its position in Smart Global by 171.2% in the 2nd quarter. Alambic Investment Management L.P. now owns 83,011 shares of the company’s stock worth $2,646,000 after purchasing an additional 52,403 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in Smart Global by 228.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 17,842 shares of the company’s stock worth $569,000 after purchasing an additional 12,410 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on SGH. BidaskClub lowered Smart Global from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Barclays cut their target price on Smart Global from $55.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. ValuEngine lowered Smart Global from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. Zacks Investment Research raised Smart Global from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, October 11th. Finally, Roth Capital dropped their price target on Smart Global from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.17.

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About Smart Global

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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