Means Investment CO. Inc. reduced its position in SMART Global Holdings, Inc. (NASDAQ:SGH) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,079 shares of the company’s stock after selling 1,920 shares during the quarter. Means Investment CO. Inc. owned 0.08% of SMART Global worth $878,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SGH. Foundry Partners LLC raised its holdings in shares of SMART Global by 83.9% during the fourth quarter. Foundry Partners LLC now owns 80,655 shares of the company’s stock worth $3,035,000 after purchasing an additional 36,795 shares during the last quarter. Citigroup Inc. boosted its holdings in SMART Global by 274.1% in the 4th quarter. Citigroup Inc. now owns 3,610 shares of the company’s stock valued at $136,000 after purchasing an additional 2,645 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of SMART Global in the 3rd quarter valued at approximately $4,648,000. SG Americas Securities LLC grew its holdings in SMART Global by 276.3% during the 4th quarter. SG Americas Securities LLC now owns 72,430 shares of the company’s stock worth $2,726,000 after acquiring an additional 53,180 shares in the last quarter. Finally, King Luther Capital Management Corp acquired a new position in SMART Global during the 4th quarter worth approximately $828,000.

In other SMART Global news, EVP Kiwan Kim sold 12,500 shares of the company’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $42.91, for a total value of $536,375.00. Following the sale, the executive vice president now owns 57,685 shares in the company, valued at approximately $2,475,263.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Alan Marten sold 2,800 shares of the company’s stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $40.00, for a total value of $112,000.00. Following the completion of the sale, the senior vice president now owns 118,466 shares in the company, valued at approximately $4,738,640. The disclosure for this sale can be found here. Insiders have sold a total of 34,792 shares of company stock valued at $1,554,692 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on SGH shares. Needham & Company LLC increased their price target on shares of SMART Global from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of SMART Global from a “sell” rating to a “hold” rating in a report on Wednesday, March 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of SMART Global from $48.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. TheStreet upgraded shares of SMART Global from a “c+” rating to a “b-” rating in a report on Tuesday. Finally, Barclays started coverage on shares of SMART Global in a report on Wednesday. They issued an “overweight” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.58.

SMART Global stock traded up $0.03 during mid-day trading on Thursday, hitting $54.58. 10,568 shares of the company were exchanged, compared to its average volume of 284,374. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $46.57 and a 200 day moving average of $36.27. SMART Global Holdings, Inc. has a 1-year low of $20.66 and a 1-year high of $54.86. The company has a market capitalization of $1.35 billion, a PE ratio of 30.15 and a beta of 0.97.

SMART Global (NASDAQ:SGH) last posted its quarterly earnings results on Monday, April 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $304.00 million for the quarter, compared to analysts’ expectations of $295.57 million. SMART Global had a return on equity of 16.65% and a net margin of 0.06%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Research analysts expect that SMART Global Holdings, Inc. will post 2.61 earnings per share for the current year.

SMART Global Profile

SMART Global Holdings, Inc designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such as embedded multimedia controllers, and embedded and removal products in USB, CompactFlash and SD/microSD card configurations.

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Institutional Ownership by Quarter for SMART Global (NASDAQ:SGH)

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