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NVDA   419.11 (-0.74%)
NIO   8.40 (+0.60%)
BABA   85.88 (-1.54%)
AMD   95.96 (-1.46%)
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F   12.44 (-1.11%)
MU   67.94 (-0.93%)
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NASDAQ:SGH

SMART Global (SGH) Stock Forecast, Price & News

$23.68
-0.10 (-0.42%)
(As of 09/26/2023 ET)
Compare
Today's Range
$23.53
$24.63
50-Day Range
$22.68
$27.00
52-Week Range
$12.04
$29.99
Volume
611,210 shs
Average Volume
679,894 shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.60

SMART Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.9% Upside
$33.60 Price Target
Short Interest
Bearish
7.87% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.10mentions of SMART Global in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth
-11.11%
From $1.80 to $1.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Computer And Technology Sector

478th out of 580 stocks

Semiconductors Industry

3rd out of 3 stocks


SGH stock logo

About SMART Global (NASDAQ:SGH) Stock

SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. It operates through three segments: Memory Solutions, Intelligent Platform Solutions, and LED Solutions. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms. Additionally, the company's LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

SGH Price History

SGH Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Comparing SMART Global (NASDAQ:SGH) & Transphorm (NASDAQ:TGAN)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
SMART Global Holdings: It Is Time To Strap Yourself In
The Latest Analyst Ratings for SMART Glb Hldgs
Why Smart Global Holdings Stock Popped 9% Today
SMART GLOBAL HOLDINGS INC 25,600 +4,06 %
Why Are SMART (SGH) Shares Soaring Today
Q3 2023 SMART Global Holdings Inc. Earnings Call
See More Headlines
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SGH Company Calendar

Last Earnings
6/29/2023
Today
9/26/2023
Next Earnings (Confirmed)
10/12/2023
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SGH
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$33.60
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+40.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$66.56 million
Pretax Margin
-0.92%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$4.69 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
48,215,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
1.46
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Key Executives

  • Mr. Mark W. AdamsMr. Mark W. Adams (Age 59)
    Pres, CEO & Director
    Comp: $1.67M
  • Mr. Ken Rizvi (Age 48)
    Sr. VP & CFO
    Comp: $949.68k
  • Mr. Jack A. PachecoMr. Jack A. Pacheco (Age 63)
    Exec. VP, COO & Pres of Memory Solutions
    Comp: $948.77k
  • Ms. Suzanne Schmidt
    Head of Investor Relation
  • Ms. Anne Kuykendall (Age 46)
    VP & Gen. Counsel
  • Ms. Valerie Sassani
    VP of Marketing & Communications
  • Mr. Richard Hazell (Age 61)
    Sr. Director of Worldwide Sales
  • Mr. Michael Wellman
    Chief HR Officer
  • Mr. Alan MartenMr. Alan Marten (Age 63)
    Sr. VP of Specialty Memory
  • Mr. Thomas Coull (Age 68)
    Sr. VP of Specialty Compute & Storage Solutions and CEO of Penguin Computing













SGH Stock - Frequently Asked Questions

Should I buy or sell SMART Global stock right now?

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.
View SGH analyst ratings
or view top-rated stocks.

What is SMART Global's stock price forecast for 2023?

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.
View analysts price targets for SGH
or view top-rated stocks among Wall Street analysts.

How have SGH shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is SMART Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 12th 2023.
View our SGH earnings forecast
.

How can I listen to SMART Global's earnings call?

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".

How were SMART Global's earnings last quarter?

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.

When did SMART Global's stock split?

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.

What guidance has SMART Global issued on next quarter's earnings?

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.

What is Iain MacKenzie's approval rating as SMART Global's CEO?

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.

What other stocks do shareholders of SMART Global own?

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).

When did SMART Global IPO?

(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.

What is SMART Global's stock symbol?

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

Who are SMART Global's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of SMART Global?

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.
Compare Top Brokerages Here.

What is SMART Global's stock price today?

One share of SGH stock can currently be purchased for approximately $23.86.

How much money does SMART Global make?

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.

How many employees does SMART Global have?

The company employs 3,600 workers across the globe.

How can I contact SMART Global?

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.

This page (NASDAQ:SGH) was last updated on 9/26/2023 by MarketBeat.com Staff

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