BNP Paribas Financial Markets Has $3.88 Million Stock Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

BNP Paribas Financial Markets decreased its holdings in shares of SMART Global Holdings, Inc. (NASDAQ:SGH - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,179 shares of the company's stock after selling 39,977 shares during the quarter. BNP Paribas Financial Markets owned about 0.40% of SMART Global worth $3,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in SMART Global by 75.6% in the fourth quarter. SG Americas Securities LLC now owns 234,927 shares of the company's stock valued at $4,447,000 after purchasing an additional 101,159 shares during the period. Deutsche Bank AG increased its position in shares of SMART Global by 46.3% during the third quarter. Deutsche Bank AG now owns 482,967 shares of the company's stock worth $11,760,000 after acquiring an additional 152,918 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of SMART Global during the third quarter worth about $1,994,000. American Century Companies Inc. increased its position in shares of SMART Global by 42.3% during the third quarter. American Century Companies Inc. now owns 292,916 shares of the company's stock worth $7,133,000 after acquiring an additional 87,035 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of SMART Global during the third quarter worth about $702,000.

SMART Global Stock Performance

Shares of NASDAQ SGH traded down $0.53 during midday trading on Wednesday, hitting $20.16. 598,602 shares of the company's stock were exchanged, compared to its average volume of 1,050,169. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.30 and a quick ratio of 2.66. The stock's 50 day moving average price is $21.39 and its 200-day moving average price is $20.11. The firm has a market cap of $1.05 billion, a P/E ratio of -5.48 and a beta of 1.80. SMART Global Holdings, Inc. has a twelve month low of $12.66 and a twelve month high of $29.99.

SMART Global (NASDAQ:SGH - Get Free Report) last announced its earnings results on Tuesday, April 9th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). SMART Global had a positive return on equity of 11.82% and a negative net margin of 15.79%. The firm had revenue of $284.82 million for the quarter, compared to the consensus estimate of $285.18 million. Equities research analysts anticipate that SMART Global Holdings, Inc. will post 0.64 EPS for the current year.

Insider Buying and Selling at SMART Global

In other SMART Global news, insider Joseph Gates Clark sold 2,529 shares of the company's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $17.94, for a total value of $45,370.26. Following the transaction, the insider now owns 92,386 shares of the company's stock, valued at $1,657,404.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Mark Adams bought 10,000 shares of the business's stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of $18.79 per share, with a total value of $187,900.00. Following the purchase, the chief executive officer now directly owns 29,640 shares in the company, valued at $556,935.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph Gates Clark sold 2,529 shares of the business's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $17.94, for a total transaction of $45,370.26. Following the sale, the insider now directly owns 92,386 shares in the company, valued at $1,657,404.84. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on SGH shares. Stifel Nicolaus lifted their target price on SMART Global from $26.00 to $27.50 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 target price on shares of SMART Global in a research report on Tuesday, May 7th.

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.