SMART Global (SGH) Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" SGH shares.
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5 Wall Street research analysts have issued 1-year price objectives for SMART Global's shares. Their SGH share price forecasts range from $30.00 to $37.00. On average, they anticipate the company's stock price to reach $33.60 in the next year. This suggests a possible upside of 47.0% from the stock's current price.
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SMART Global's stock was trading at $14.88 on January 1st, 2023. Since then, SGH shares have increased by 53.6% and is now trading at $22.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 3rd 2023.
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SMART Global Holdings, Inc. (NASDAQ:SGH) issued its quarterly earnings data on Thursday, June, 29th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.26. The company had revenue of $383.33 million for the quarter, compared to the consensus estimate of $375.08 million. SMART Global had a negative net margin of 1.56% and a positive trailing twelve-month return on equity of 32.78%. The company's quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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).

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 created 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 updated its fourth quarter 2023 earnings guidance on Thursday, June, 29th. The company provided EPS guidance of $0.30-$0.60 for the period, compared to the consensus 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 initial public offering (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 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 shareholders 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 $22.86.

SMART Global (NASDAQ:SGH) has a market capitalization of $1.14 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.