SMART Global Stock Price, News & Analysis (NASDAQ:SGH)

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGH shares.
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5 Wall Street research analysts have issued 1 year price objectives for SMART Global's shares. Their SGH share price targets range from $22.00 to $35.00. On average, they anticipate the company's share price to reach $29.40 in the next year. This suggests a possible upside of 77.3% from the stock's current price.
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SMART Global's stock was trading at $14.88 on January 1st, 2023. Since then, SGH shares have increased by 11.4% and is now trading at $16.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 2nd 2024.
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SMART Global Holdings, Inc. (NASDAQ:SGH) posted its quarterly earnings data on Thursday, October, 12th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.11. The firm had revenue of $316.66 million for the quarter, compared to analysts' expectations of $375.03 million. SMART Global had a negative net margin of 11.76% and a positive trailing twelve-month return on equity of 29.99%. The business's revenue for the quarter was down 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share.

ETFs with the largest weight of SMART Global (NASDAQ:SGH) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), SPDR S&P Semiconductor ETF (XSD), VanEck Brazil Small-Cap ETF (BRF), Invesco S&P SmallCap Information Technology ETF (PSCT), Syntax Stratified SmallCap ETF (SSLY) and iShares Micro-Cap ETF (IWC).IQ Chaikin U.S. Small Cap ETF (CSML).

Shares of SMART Global split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly created shares were issued to shareholders after the market closes on Wednesday, February 2nd 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

SMART Global issued an update on its first quarter 2024 earnings guidance on Thursday, October, 12th. The company provided earnings per share (EPS) guidance of 0-$0.30 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $250.00 million-$300.00 million, compared to the consensus revenue estimate of $383.44 million.

11 employees have rated SMART Global Chief Executive Officer Iain MacKenzie on Glassdoor.com. Iain MacKenzie has an approval rating of 93% among the company's employees. This puts Iain MacKenzie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SMART Global investors own include Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Verizon Communications (VZ), Applied Materials (AMAT), Block (SQ), Lam Research (LRCX), Advanced Micro Devices (AMD) and AbbVie (ABBV).

(SGH) raised $74 million in an initial public offering (IPO) on Wednesday, May 24th 2017. The company issued 5,300,000 shares at a price of $13.00-$15.00 per share. Barclays, Deutsche Bank Securities, Jefferies and Stifel acted as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

SMART Global's stock is owned by many different institutional and retail investors. Top institutional investors include Ameriprise Financial Inc. (12.39%), FMR LLC (4.26%), Clearbridge Investments LLC (3.16%), Morgan Stanley (1.63%), Jacobs Levy Equity Management Inc. (1.60%) and LSV Asset Management (1.44%). Insiders that own company stock include Ajay Shah, Alan Marten, Claude Demby, Jack A Pacheco, Jack A Pacheco, Joseph Gates Clark, Ken Rizvi, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Mukesh Patel, Penny Herscher, Sandeep Nayyar and Thierry Pellegrino.
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Shares of SGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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