Thierry Pellegrino Sells 2,764 Shares of SMART Global Holdings, Inc. (NASDAQ:SGH) Stock

SMART Global Holdings, Inc. (NASDAQ:SGHGet Rating) SVP Thierry Pellegrino sold 2,764 shares of the business’s stock in a transaction on Friday, January 20th. The shares were sold at an average price of $16.62, for a total transaction of $45,937.68. Following the transaction, the senior vice president now owns 80,167 shares in the company, valued at approximately $1,332,375.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thierry Pellegrino also recently made the following trade(s):

  • On Tuesday, November 15th, Thierry Pellegrino sold 8,426 shares of SMART Global stock. The shares were sold at an average price of $17.23, for a total transaction of $145,179.98.

SMART Global Stock Down 2.4 %

NASDAQ:SGH traded down $0.41 during mid-day trading on Tuesday, reaching $16.83. The company’s stock had a trading volume of 844,518 shares, compared to its average volume of 1,052,116. SMART Global Holdings, Inc. has a 1 year low of $12.04 and a 1 year high of $29.38. The stock has a fifty day moving average of $16.28 and a 200-day moving average of $16.70. The firm has a market capitalization of $828.10 million, a PE ratio of 17.17 and a beta of 1.32. The company has a quick ratio of 1.28, a current ratio of 2.03 and a debt-to-equity ratio of 2.22.

SMART Global (NASDAQ:SGHGet Rating) last released its quarterly earnings results on Tuesday, January 3rd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.43 by $0.17. The business had revenue of $465.48 million during the quarter, compared to analyst estimates of $445.86 million. SMART Global had a net margin of 2.84% and a return on equity of 36.71%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 earnings per share. Equities research analysts forecast that SMART Global Holdings, Inc. will post 1.53 earnings per share for the current year.

Institutional Trading of SMART Global

Several hedge funds have recently modified their holdings of SGH. ProShare Advisors LLC lifted its position in shares of SMART Global by 136.8% during the first quarter. ProShare Advisors LLC now owns 10,788 shares of the company’s stock valued at $278,000 after buying an additional 6,233 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SMART Global by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 294,678 shares of the company’s stock valued at $7,611,000 after acquiring an additional 54,051 shares in the last quarter. Raymond James & Associates increased its holdings in shares of SMART Global by 200.4% during the first quarter. Raymond James & Associates now owns 35,207 shares of the company’s stock valued at $909,000 after acquiring an additional 23,488 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SMART Global by 101.4% during the first quarter. Bank of New York Mellon Corp now owns 395,670 shares of the company’s stock valued at $10,220,000 after acquiring an additional 199,254 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of SMART Global by 151.2% during the first quarter. Citigroup Inc. now owns 63,904 shares of the company’s stock valued at $1,651,000 after acquiring an additional 38,463 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SGH shares. Barclays boosted their target price on shares of SMART Global from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, January 4th. TheStreet lowered shares of SMART Global from a “b-” rating to a “c+” rating in a research note on Monday, September 26th. Rosenblatt Securities lowered their target price on shares of SMART Global from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. Needham & Company LLC boosted their target price on shares of SMART Global from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of SMART Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, January 4th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SMART Global presently has a consensus rating of “Buy” and an average price target of $27.00.

SMART Global Company Profile

(Get Rating)

SMART Global Holdings, Inc designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. It operates through three segments: Memory Solutions, Intelligent Platform Solutions, and LED Solutions. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products.

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