Smart Global Stock Price, Forecast & Analysis (NASDAQ:SGH)

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

Smart Global Holdings Inc (NASDAQ:SGH) released its quarterly earnings data on Thursday, October, 3rd. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.53 by $0.03. The firm had revenue of $278.40 million for the quarter, compared to the consensus estimate of $285.05 million. Smart Global had a net margin of 4.24% and a return on equity of 25.15%. The company's revenue was down 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. 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 earnings per share (EPS) guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. The company issued revenue guidance of $275-285 million, compared to the consensus revenue estimate of $309.33 million.

5 brokers have issued 1-year price targets for Smart Global's stock. Their forecasts range from $30.00 to $50.00. On average, they expect Smart Global's share price to reach $37.00 in the next twelve months. This suggests a possible upside of 19.2% 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.

Headlines about SGH stock have been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Smart Global earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely 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 October. As of October 15th, there was short interest totalling 1,870,000 shares, a drop of 8.8% from the September 15th total of 2,050,000 shares. Based on an average daily trading volume, of 337,400 shares, the days-to-cover ratio is presently 5.5 days. Currently, 14.8% of the shares of the 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), Finisar (FNSR), Lattice Semiconductor (LSCC), AU Optronics (AUOTY), Enphase Energy (ENPH), AU Optronics (AUO), Diodes (DIOD), Tower Semiconductor (TSEM), Synaptics (SYNA), Ambarella (AMBA), OSI Systems (OSIS), FormFactor (FORM), MACOM Technology Solutions (MTSI) and Rambus (RMBS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Smart Global investors own include Micron Technology (MU), Advanced Micro Devices (AMD), Intel (INTC), Lam Research (LRCX), Alibaba Group (BABA), 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 $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 retail and institutional investors. Top institutional investors include Russell Investments Group Ltd. (3.04%), Municipal Employees Retirement System of Michigan (0.24%), Rhumbline Advisers (0.18%), Means Investment CO. Inc. (0.11%), Virginia Retirement Systems ET AL (0.09%) and BW Gestao de Investimentos Ltda. (0.08%). 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 Russell Investments Group Ltd., Means Investment CO. Inc., State of Tennessee Treasury Department, Alps Advisors Inc., Municipal Employees Retirement System of Michigan, Tower Research Capital LLC TRC and 6 Meridian. 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 purchased by a variety of institutional investors in the last quarter, including Texas Permanent School Fund, Meeder Asset Management Inc., State of Alaska Department of Revenue, Rhumbline Advisers, Virginia Retirement Systems ET AL, Comerica Bank and BW Gestao de Investimentos Ltda.. 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 $31.05.

Smart Global has a market capitalization of $737.34 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]