NASDAQ:SGHSmart Global Stock Price, Forecast & News

Smart Global's stock was trading at $22.73 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SGH shares have increased by 23.1% and is now trading at $27.97.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smart Global in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Smart Global is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020.
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Smart Global Holdings Inc (NASDAQ:SGH) posted its earnings results on Tuesday, July, 7th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.03. The company had revenue of $281.30 million for the quarter, compared to analysts' expectations of $282.56 million. Smart Global had a positive return on equity of 13.02% and a negative net margin of 0.28%. Smart Global's revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share.
View Smart Global's earnings history.

Smart Global updated its fourth quarter earnings guidance on Tuesday, July, 7th. The company provided earnings per share (EPS) guidance of $0.70-$0.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.77. The company issued revenue guidance of $290-$310 million, compared to the consensus revenue estimate of $294.07 million.

6 Wall Street analysts have issued 1-year price objectives for Smart Global's shares. Their forecasts range from $25.00 to $45.00. On average, they expect Smart Global's share price to reach $34.67 in the next year. This suggests a possible upside of 23.9% from the stock's current price.
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News coverage about SGH stock has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Smart Global earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the immediate future.
View the latest news about Smart Global.

Some companies that are related to Smart Global include Diodes (DIOD), FormFactor (FORM), Tower Semiconductor (TSEM), MaxLinear (MXL), Rambus (RMBS), SunPower (SPWR), Daqo New Energy (DQ), Ambarella (AMBA), Silicon Motion Technology (SIMO), Kulicke and Soffa Industries (KLIC), Canadian Solar (CSIQ), OSI Systems (OSIS), Ultra Clean (UCTT), ChipMOS Technologies (IMOS) and Xperi (XPER).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Smart Global investors own include Micron Technology (MU), Alibaba Group (BABA), Intel (INTC), Lam Research (LRCX), NVIDIA (NVDA), Verizon Communications (VZ), Square (SQ), Applied Materials (AMAT), Advanced Micro Devices (AMD) 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 served 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 many different institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.15%), Strs Ohio (0.08%), Comerica Bank (0.06%), Hancock Whitney Corp (0.04%) and UBS Group AG (0.01%). Company insiders that own Smart Global stock include Alan Marten, Bruce M Goldberg, Iain Mackenzie, Jack A Pacheco, Kiwan Kim, Mukesh Patel, Stephen C Dow and Thomas Coull.
View institutional ownership trends for Smart Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including Hancock Whitney Corp, and Strs Ohio. Company insiders that have sold Smart Global company stock in the last year include Bruce M Goldberg, Jack A Pacheco, Stephen C Dow, and Thomas Coull.
View insider buying and selling activity for Smart Global.

SGH stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Comerica Bank, and UBS Group AG.
View insider buying and selling activity 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 $27.97.

Smart Global has a market capitalization of $675.76 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.

The official website for Smart Global is 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]