Smart Global Holdings Inc (NASDAQ:SGH) SVP Sells $225,058.68 in Stock

Smart Global Holdings Inc (NASDAQ:SGH) SVP Kiwan Kim sold 7,084 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $31.77, for a total transaction of $225,058.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ SGH traded down $1.40 during trading on Friday, reaching $26.57. The company’s stock had a trading volume of 95,501 shares, compared to its average volume of 195,652. The business has a 50-day moving average price of $29.31 and a 200-day moving average price of $24.24. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. Smart Global Holdings Inc has a 1-year low of $16.94 and a 1-year high of $35.10. The stock has a market capitalization of $644.66 million, a PE ratio of 4.43, a PEG ratio of 0.64 and a beta of 1.24.

Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, June 27th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). Smart Global had a return on equity of 40.99% and a net margin of 5.77%. The firm had revenue of $235.70 million during the quarter, compared to analyst estimates of $264.98 million. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Smart Global’s quarterly revenue was down 29.7% compared to the same quarter last year. As a group, analysts expect that Smart Global Holdings Inc will post 2.92 earnings per share for the current year.

Several analysts recently weighed in on SGH shares. Needham & Company LLC lifted their price objective on shares of Smart Global to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. ValuEngine raised shares of Smart Global from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. TheStreet raised shares of Smart Global from a “d+” rating to a “c” rating in a research note on Monday, July 29th. Deutsche Bank raised their target price on shares of Smart Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Roth Capital lifted their price objective on shares of Smart Global from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $38.33.

Several institutional investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its position in Smart Global by 45.6% during the second quarter. Meadow Creek Investment Management LLC now owns 2,400 shares of the company’s stock worth $55,000 after acquiring an additional 752 shares during the period. First Trust Advisors LP increased its position in Smart Global by 3.6% during the first quarter. First Trust Advisors LP now owns 23,209 shares of the company’s stock worth $446,000 after acquiring an additional 798 shares during the period. Neuburgh Advisers LLC increased its position in Smart Global by 45.6% during the second quarter. Neuburgh Advisers LLC now owns 3,300 shares of the company’s stock worth $76,000 after acquiring an additional 1,034 shares during the period. Yorktown Management & Research Co Inc increased its position in Smart Global by 7.6% during the first quarter. Yorktown Management & Research Co Inc now owns 18,050 shares of the company’s stock worth $347,000 after acquiring an additional 1,276 shares during the period. Finally, Tyers Asset Management LLC increased its position in Smart Global by 45.6% during the second quarter. Tyers Asset Management LLC now owns 4,200 shares of the company’s stock worth $97,000 after acquiring an additional 1,316 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

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

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