NASDAQ:SGH - Smart Global Stock Price, Forecast & News

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

Smart Global Holdings Inc (NASDAQ:SGH) issued its earnings results on Thursday, October, 3rd. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.53 by $0.03. The company earned $278.40 million during the quarter, compared to analyst estimates of $285.05 million. Smart Global had a return on equity of 25.15% and a net margin of 4.24%. Smart Global's quarterly revenue was down 25.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 earnings per share. View Smart Global's Earnings History.

Smart Global is scheduled to release their next quarterly earnings announcement on Tuesday, January 14th 2020. View Earnings Estimates for Smart Global.

Smart Global issued an update on its first quarter earnings guidance on Thursday, October, 3rd. The company provided EPS guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.85. The company issued revenue guidance of $275-285 million, compared to the consensus revenue estimate of $309.33 million.

5 Wall Street analysts have issued 1-year price targets for Smart Global's shares. Their forecasts range from $30.00 to $50.00. On average, they anticipate Smart Global's stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets for Smart Global.

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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Smart Global.

News coverage about SGH stock has trended extremely positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Smart Global earned a news impact score of 4.1 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Smart Global.

Smart Global saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,430,000 shares, a drop of 23.5% from the October 31st total of 1,870,000 shares. Based on an average daily volume of 329,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 11.3% of the company's stock are short sold. View Smart Global's Current Options Chain.

Some companies that are related to Smart Global include Acacia Communications (ACIA), Power Integrations (POWI), AU Optronics (AUOTY), AU Optronics (AUO), Lattice Semiconductor (LSCC), Diodes (DIOD), Tower Semiconductor (TSEM), Synaptics (SYNA), OSI Systems (OSIS), Ambarella (AMBA), FormFactor (FORM), MACOM Technology Solutions (MTSI), Silicon Motion Technology (SIMO), Kulicke and Soffa Industries (KLIC) and Rambus (RMBS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Smart Global investors own include Micron Technology (MU), Intel (INTC), Advanced Micro Devices (AMD), Alibaba Group (BABA), Lam Research (LRCX), NVIDIA (NVDA), Applied Materials (AMAT), Square (SQ), Verizon Communications (VZ) and Exelixis (EXEL).

(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 acted as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

Smart Global's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (3.04%), State Street Corp (1.50%), Boston Partners (1.28%), Millennium Management LLC (0.54%), Municipal Employees Retirement System of Michigan (0.24%) and Rhumbline Advisers (0.18%). Company insiders that own Smart Global stock include Alan Marten, Bruce M Goldberg, Iain Mackenzie, Jack A Pacheco, Kiwan Kim, Lake Sumeru (Offshore) Silver, Mukesh Patel and Stephen C Dow. View Institutional Ownership Trends for Smart Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Russell Investments Group Ltd., Stifel Financial Corp, Means Investment CO. Inc., Virtu Financial LLC, State of Tennessee Treasury Department, Alps Advisors Inc. and Municipal Employees Retirement System of Michigan. Company insiders that have sold Smart Global company stock in the last year include Alan Marten, Bruce M Goldberg, Iain Mackenzie and Kiwan Kim. View Insider Buying and Selling for Smart Global.

SGH stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Squarepoint Ops LLC, State Street Corp, Circle Wealth Management LLC, Texas Permanent School Fund, Meeder Asset Management Inc., State of Alaska Department of Revenue and Barclays PLC. View Insider Buying and Selling for Smart Global.

Shares of SGH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SGH stock can currently be purchased for approximately $29.71.

Smart Global has a market capitalization of $705.52 million and generates $1.21 billion in revenue each year. The company earns $51.33 million in net income (profit) each year or $2.56 on an earnings per share basis. Smart Global employs 1,712 workers across the globe.View Additional Information About Smart Global.

The official website for Smart Global is http://www.smartm.com/.

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]