SMART Global Holdings, Inc. (NASDAQ:SGH) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in SMART Global Holdings, Inc. (NASDAQ:SGH - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,719 shares of the company's stock after selling 85,763 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.00% of SMART Global worth $9,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SGH. SG Americas Securities LLC lifted its holdings in shares of SMART Global by 75.6% in the fourth quarter. SG Americas Securities LLC now owns 234,927 shares of the company's stock worth $4,447,000 after buying an additional 101,159 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of SMART Global by 46.3% in the third quarter. Deutsche Bank AG now owns 482,967 shares of the company's stock worth $11,760,000 after buying an additional 152,918 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of SMART Global in the third quarter worth $1,994,000. American Century Companies Inc. lifted its holdings in shares of SMART Global by 42.3% in the third quarter. American Century Companies Inc. now owns 292,916 shares of the company's stock worth $7,133,000 after buying an additional 87,035 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of SMART Global in the third quarter worth $702,000.

Insiders Place Their Bets

In other SMART Global news, insider Joseph Gates Clark sold 2,403 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $22.36, for a total transaction of $53,731.08. Following the completion of the transaction, the insider now owns 95,895 shares in the company, valued at $2,144,212.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SMART Global news, COO Jack A. Pacheco sold 2,500 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $22.52, for a total transaction of $56,300.00. Following the completion of the transaction, the chief operating officer now owns 220,007 shares in the company, valued at $4,954,557.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Gates Clark sold 2,403 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $22.36, for a total value of $53,731.08. Following the transaction, the insider now owns 95,895 shares of the company's stock, valued at approximately $2,144,212.20. The disclosure for this sale can be found here. Insiders have sold 14,928 shares of company stock valued at $323,897 over the last ninety days. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC boosted their target price on shares of SMART Global from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th.

SMART Global Trading Up 0.2 %

NASDAQ SGH traded up $0.06 during trading hours on Tuesday, hitting $25.92. 1,508,742 shares of the company were exchanged, compared to its average volume of 1,003,189. The stock has a 50-day moving average price of $22.89 and a 200 day moving average price of $20.04. The company has a quick ratio of 2.11, a current ratio of 2.68 and a debt-to-equity ratio of 1.80. SMART Global Holdings, Inc. has a 52 week low of $12.66 and a 52 week high of $29.99. The stock has a market cap of $1.34 billion, a PE ratio of -6.44 and a beta of 1.74.

SMART Global (NASDAQ:SGH - Get Free Report) last issued its quarterly earnings data on Tuesday, January 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. SMART Global had a positive return on equity of 20.15% and a negative net margin of 15.14%. The company had revenue of $274.25 million for the quarter, compared to analysts' expectations of $275.00 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm's revenue for the quarter was down 30.0% on a year-over-year basis. Analysts forecast that SMART Global Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.

SMART Global Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.