Smart Global Holdings Inc (NASDAQ:SGH) Director Iain Mackenzie sold 98,797 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $30.52, for a total value of $3,015,284.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Iain Mackenzie also recently made the following trade(s):

  • On Monday, November 5th, Iain Mackenzie sold 45,000 shares of Smart Global stock. The stock was sold at an average price of $29.25, for a total value of $1,316,250.00.
  • On Friday, October 5th, Iain Mackenzie sold 31,684 shares of Smart Global stock. The stock was sold at an average price of $35.01, for a total value of $1,109,256.84.

Shares of Smart Global stock opened at $30.88 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.76 and a quick ratio of 1.02. The stock has a market capitalization of $679.52 million, a P/E ratio of 5.15, a PEG ratio of 0.30 and a beta of 0.26. Smart Global Holdings Inc has a fifty-two week low of $25.84 and a fifty-two week high of $56.69.

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

Several research firms recently commented on SGH. BidaskClub upgraded Smart Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays cut their price target on Smart Global from $55.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. ValuEngine cut Smart Global from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. Zacks Investment Research upgraded Smart Global from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, October 11th. Finally, Roth Capital cut their price target on Smart Global from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.17.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Smart Global during the third quarter valued at approximately $130,000. USA Financial Portformulas Corp bought a new position in shares of Smart Global during the third quarter valued at approximately $177,000. Paloma Partners Management Co bought a new position in shares of Smart Global during the third quarter valued at approximately $211,000. Stone Ridge Asset Management LLC bought a new position in shares of Smart Global during the third quarter valued at approximately $226,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Smart Global during the third quarter valued at approximately $227,000. 86.85% of the stock is owned by institutional investors.

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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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