SMART Global (SGH) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGH shares.
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5 analysts have issued 1-year target prices for SMART Global's shares. Their SGH share price forecasts range from $30.00 to $37.00. On average, they anticipate the company's share price to reach $33.60 in the next year. This suggests a possible upside of 40.8% from the stock's current price.
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SMART Global's stock was trading at $14.88 at the start of the year. Since then, SGH shares have increased by 60.3% and is now trading at $23.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023.
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SMART Global will be holding an earnings conference call on Thursday, October 12th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "563808".

SMART Global Holdings, Inc. (NASDAQ:SGH) issued its quarterly earnings data on Thursday, June, 29th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.26. The company earned $383.33 million during the quarter, compared to analyst estimates of $375.08 million. SMART Global had a positive trailing twelve-month return on equity of 32.78% and a negative net margin of 1.56%. The business's quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS.

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).

SMART Global shares split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly minted shares were distributed to shareholders after the closing bell 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 fourth quarter 2023 earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of $0.30-$0.60 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $350.00 million-$400.00 million, compared to the consensus revenue estimate of $375.89 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 IPO on Wednesday, May 24th 2017. The company issued 5,300,000 shares at $13.00-$15.00 per share. Barclays, Deutsche Bank Securities, Jefferies and Stifel served as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

SMART Global trades on the NASDAQ under the ticker symbol "SGH."

SMART Global's stock is owned by a variety of institutional and retail investors. Top institutional investors include Shaolin Capital Management LLC (0.00%), BlackRock Inc. (15.81%), State Street Corp (5.50%), Clearbridge Investments LLC (3.39%), Dimensional Fund Advisors LP (2.72%) and Marshall Wace LLP (2.38%). 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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One share of SGH stock can currently be purchased for approximately $23.86.

SMART Global (NASDAQ:SGH) has a market capitalization of $1.19 billion and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or ($0.55) on an earnings per share basis.

The company employs 3,600 workers across the globe.

SMART Global's mailing address is 39870 EUREKA DRIVE, NEWARK CA, 94560. The official website for the company is www.smartm.com. The company can be reached via phone at (866) 977-4446, via email at ir@smartm.com, or via fax at 510-623-1434.