SMART Global Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMART Global stock.
View analyst ratings for SMART Global or view top-rated stocks.

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SMART Global is scheduled to release its next quarterly earnings announcement on Thursday, October 7th 2021.
View our earnings forecast for SMART Global.

SMART Global Holdings, Inc. (NASDAQ:SGH) released its quarterly earnings data on Monday, July, 5th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.09 by $0.30. The business had revenue of $437.73 million for the quarter, compared to the consensus estimate of $415.48 million. SMART Global had a net margin of 0.62% and a trailing twelve-month return on equity of 25.39%. The company's revenue was up 55.6% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS.
View SMART Global's earnings history.

SMART Global's stock was trading at $22.73 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SGH stock has increased by 114.6% and is now trading at $48.78.
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SMART Global issued an update on its fourth quarter 2021 earnings guidance on Tuesday, August, 3rd. The company provided EPS guidance of $1.450-$1.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.230. The company issued revenue guidance of $440 million-$480 million, compared to the consensus revenue estimate of $439.35 million.

6 analysts have issued 1 year price objectives for SMART Global's shares. Their forecasts range from $55.00 to $75.00. On average, they anticipate SMART Global's share price to reach $65.67 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
View analysts' price targets for SMART Global or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to SMART Global include Daqo New Energy (DQ), MACOM Technology Solutions (MTSI), SiTime (SITM), Diodes (DIOD), Kulicke and Soffa Industries (KLIC), MaxLinear (MXL), SunPower (SPWR), CMC Materials (CCMP), Viavi Solutions (VIAV), Tower Semiconductor (TSEM), FormFactor (FORM), Silicon Motion Technology (SIMO), Rambus (RMBS), JinkoSolar (JKS) and Canadian Solar (CSIQ).
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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), Square (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 a price of $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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.10%), State Street Corp (3.94%), Russell Investments Group Ltd. (3.67%), JPMorgan Chase & Co. (3.46%), Dimensional Fund Advisors LP (3.19%) and The Manufacturers Life Insurance Company (2.24%). Company insiders that own SMART Global stock include Ajay Shah, Alan Marten, Jack A Pacheco, Jack A Pacheco, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Stephen C Dow and Thomas Coull.
View institutional ownership trends for SMART Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, JPMorgan Chase & Co., Russell Investments Group Ltd., Credit Suisse AG, AXA S.A., Boston Partners, Dimensional Fund Advisors LP, and Los Angeles Capital Management LLC. Company insiders that have sold SMART Global company stock in the last year include Ajay Shah, Alan Marten, Jack A Pacheco, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, and Lake Sumeru (Offshore) Silver.
View insider buying and selling activity for SMART Global or view top insider-selling stocks.

SGH stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, PEAK6 Investments LLC, Citadel Advisors LLC, Clearbridge Investments LLC, Federated Hermes Inc., LMR Partners LLP, State Street Corp, and Millennium Management LLC.
View insider buying and selling activity for SMART Global or or view top insider-buying stocks.

Shares of SGH 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 $48.78.

SMART Global has a market capitalization of $1.18 billion and generates $1.12 billion in revenue each year. The company earns $-1,140,000.00 in net income (profit) each year or $1.81 on an earnings per share basis.

SMART Global employs 1,754 workers across the globe.

The official website for SMART Global is www.smartm.com.

SMART Global is headquartered at 39870 EUREKA DRIVE, NEWARK CA, 94560.

SMART Global's mailing address is 39870 EUREKA DRIVE, NEWARK CA, 94560. The company can be reached via phone at (510) 623-1231 or via email at [email protected].