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NASDAQ:SGH

SMART Global (SGH) Stock Forecast, Price & News

$24.04
+0.67 (+2.87%)
(As of 05:21 PM ET)
Compare
Today's Range
$23.52
$24.20
50-Day Range
$14.52
$23.37
52-Week Range
$12.04
$24.97
Volume
786,471 shs
Average Volume
621,137 shs
Market Capitalization
$1.18 billion
P/E Ratio
61.64
Dividend Yield
N/A
Price Target
$25.40

SMART Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.3% Upside
$25.40 Price Target
Short Interest
Bearish
9.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.46mentions of SMART Global in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$194,169 Sold Last Quarter
Proj. Earnings Growth
9.21%
From $1.52 to $1.66 Per Share

Overall MarketRank

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

1.71 out of 5 stars

Computer And Technology Sector

487th out of 603 stocks

Semiconductors & Related Devices Industry

73rd out of 88 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. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions. The memory Solutions segment provides performance and reliable memory solutions through the design, development, and advanced packaging to extended lifecycle products. The IPS segment consists of specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. The LED Solutions segment offers a broad portfolio of application-optimized LEDs focused on improving on lumen density, intensity, efficacy, optical control and reliability. The company was founded in 1988 and is headquartered in Milpitas, CA.

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SGH Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
SGH Strengthens Leadership Team
SMART Global (NASDAQ:SGH) Updates Q3 Earnings Guidance
SMART Global (NASDAQ:SGH) Issues Q3 2023 Earnings Guidance
See More Headlines

SGH Price History

SGH Company Calendar

Last Earnings
4/04/2023
Today
6/07/2023
Next Earnings (Confirmed)
6/29/2023
Fiscal Year End
8/31/2023

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
$25.40
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+6.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$66.56 million
Pretax Margin
1.74%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$4.95 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
47,256,000
Market Cap
$1.17 billion
Optionable
Optionable
Beta
1.41

Key Executives

  • Mark W. AdamsMark W. Adams
    President, Chief Executive Officer & Director
  • Jack A. PachecoJack A. Pacheco
    COO & President-Smart Memory Solutions
  • Kenneth Rizvi
    Chief Financial Officer & Senior Vice President
  • Thierry Pellegrino
    SVP & President-Intelligent Platform Solutions
  • Anne Kuykendall
    Vice President & General Counsel













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 year. 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 12 month target prices for SMART Global's shares. Their SGH share price forecasts range from $20.00 to $35.00. On average, they predict the company's share price to reach $25.40 in the next year. This suggests a possible upside of 6.6% 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 beginning of 2023. Since then, SGH stock has increased by 60.1% and is now trading at $23.82.
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, June 29th 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, June 29th 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 "925273".

How were SMART Global's earnings last quarter?

SMART Global Holdings, Inc. (NASDAQ:SGH) issued its quarterly earnings results on Tuesday, April, 4th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.18. The company earned $429.17 million during the quarter, compared to analyst estimates of $435.01 million. SMART Global had a trailing twelve-month return on equity of 35.07% and a net margin of 1.22%.

When did SMART Global's stock split?

SMART Global shares split before market open on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly minted shares were payable 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.

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

SMART Global updated its third quarter 2023 earnings guidance on Tuesday, April, 4th. The company provided EPS guidance of $0.30-$0.50 for the period, compared to the consensus EPS estimate of $0.42. The company issued revenue guidance of $355.00 million-$395.00 million, compared to the consensus revenue estimate of $408.23 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 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.

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.23%), Ameriprise Financial Inc. (12.49%), State Street Corp (6.05%), Clearbridge Investments LLC (4.16%), Dimensional Fund Advisors LP (2.72%) and Boston Partners (2.26%). 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, Penny Herscher, Stephen C Dow 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 $23.82.

How much money does SMART Global make?

SMART Global (NASDAQ:SGH) has a market capitalization of $1.17 billion and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or $0.39 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 6/7/2023 by MarketBeat.com Staff

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