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) announced its earnings results on Thursday, December, 19th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.01. The business earned $272 million during the quarter, compared to analysts' expectations of $279.30 million. Smart Global had a return on equity of 13.14% and a net margin of 1.89%. The company's quarterly revenue was down 31.0% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. View Smart Global's Earnings History.

Smart Global is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for Smart Global.

Smart Global issued an update on its second quarter earnings guidance on Thursday, December, 19th. The company provided earnings per share (EPS) guidance of $0.45-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $266.11 million.

5 analysts have issued twelve-month price targets for Smart Global's stock. Their forecasts range from $34.00 to $45.00. On average, they expect Smart Global's share price to reach $40.20 in the next twelve months. This suggests a possible upside of 15.4% 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 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Smart Global.

Media headlines about SGH stock have been trending positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 2.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Smart Global.

Smart Global saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 1,650,000 shares, an increase of 13.0% from the November 28th total of 1,460,000 shares. Based on an average trading volume of 378,200 shares, the days-to-cover ratio is presently 4.4 days. Approximately 12.3% of the company's shares are short sold. View Smart Global's Current Options Chain.

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

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), Alibaba Group (BABA), NVIDIA (NVDA), Lam Research (LRCX), Applied Materials (AMAT), Square (SQ), Verizon Communications (VZ) and General Electric (GE).

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

Smart Global's stock is owned by many different of retail and institutional investors. Top institutional shareholders include 6 Meridian (0.04%) and Steward Partners Investment Advisory LLC (0.01%). 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 bought by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC and 6 Meridian. 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 $34.83.

Smart Global has a market capitalization of $830.28 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]