SMART Global - SGH Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" SGH shares.
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5 brokers have issued twelve-month price targets for SMART Global's shares. Their SGH share price forecasts range from $22.00 to $45.00. On average, they expect the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 121.5% from the stock's current price.
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SMART Global's stock was trading at $27.85 at the beginning of the year. Since then, SGH shares have decreased by 41.7% and is now trading at $16.25.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 4th 2022.
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SMART Global will be holding an earnings conference call on Tuesday, October 4th 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 "524007".

SMART Global Holdings, Inc. (NASDAQ:SGH) announced its quarterly earnings results on Wednesday, June, 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.12. The business earned $462.54 million during the quarter, compared to analysts' expectations of $455.02 million. SMART Global had a trailing twelve-month return on equity of 48.23% and a net margin of 3.64%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS.

Shares of SMART Global split before market open on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly issued shares were issued 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 2022 earnings guidance on Wednesday, July, 27th. The company provided EPS guidance of $0.55-$0.75 for the period, compared to the consensus estimate of $0.84. The company issued revenue guidance of $420.00 million-$460.00 million, compared to the consensus revenue estimate of $478.77 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 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 Yiheng Capital Management L.P. (5.91%), State Street Corp (5.54%), Clearbridge Investments LLC (3.84%), Crosslink Capital Inc. (3.37%), Kennedy Capital Management Inc. (2.14%) and Russell Investments Group Ltd. (1.48%). Insiders that own company stock include Ajay Shah, Alan Marten, Claude Demby, Jack A Pacheco, Jack A Pacheco, Ken Rizvi, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Mukesh Patel, Stephen C Dow and Thomas Coull.
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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 $16.25.

SMART Global (NASDAQ:SGH) has a market capitalization of $812.37 million and generates $1.50 billion in revenue each year. The company earns $21.31 million in net income (profit) each year or $1.2350 on an earnings per share basis.

The company employs 3,926 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.