NASDAQ:SGH

SMART Global - SGH Stock Forecast, Price & News

$16.82

-0.36 (-2.10%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $16.50
▼
$17.01
50-Day Range: $12.63
▼
$17.42
52-Week Range: $12.04
▼
$37.25

Volume: 358,799 shs
Average Volume: 345,985 shs
Market Capitalization: $817.79 million

P/E Ratio: 13.51
Dividend Yield: N/A
Price Target: $29.50

SMART Global MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 75.4% Upside
$29.50 Price Target
Short Interest: Bearish
8.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$179,913 Sold Last Quarter
Proj. Earnings Growth: 37.33%
From $1.50 to $2.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Computer And Technology Sector

170th out of 633 stocks

Semiconductors & Related Devices Industry

25th out of 93 stocks

3.5

Analyst's Opinion

Consensus Rating
SMART Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.50, SMART Global has a forecasted upside of 75.4% from its current price of $16.82.
Amount of Analyst Coverage
SMART Global has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.19% of the outstanding shares of SMART Global have been sold short.
Short Interest Ratio / Days to Cover
SMART Global has a short interest ratio ("days to cover") of 7.2.
Change versus previous month
Short interest in SMART Global has recently decreased by 3.40%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
SMART Global does not currently pay a dividend.
Dividend Growth
SMART Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SGH.

2.3

News and Social Media Coverage

News Sentiment
SMART Global has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for SMART Global this week, compared to 2 articles on an average week.
Search Interest
Only 25 people have searched for SGH on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added SMART Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -93% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SMART Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $179,913.00 in company stock.
Percentage Held by Insiders
Only 2.60% of the stock of SMART Global is held by insiders.
Percentage Held by Institutions
52.87% of the stock of SMART Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for SMART Global are expected to grow by 37.33% in the coming year, from $1.50 to $2.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SMART Global is 13.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of SMART Global is 13.51, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 330.82.
Price to Book Value per Share Ratio
SMART Global has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SMART Global (NASDAQ:SGH) Stock

SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. It operates through three segments: Memory Solutions, Intelligent Platform Solutions, and LED Solutions. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms. Additionally, the company's LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

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SGH Stock News Headlines

November 29, 2022 | finance.yahoo.com

SMART Modular Technologies Launches New Family of Data Center Solid State Drives

November 27, 2022 | americanbankingnews.com

Brokerages Set SMART Global Holdings, Inc. (NASDAQ:SGH) PT at $29.50

November 16, 2022 | finance.yahoo.com

Penguin Computing to Acquire Remote Access Software Assets from Colorado Code Craft

November 15, 2022 | finance.yahoo.com

Penguin Solutions Launches New Cloud-Native HPC/AI Control Plane and Announces Partnership with Google Cloud

November 14, 2022 | finance.yahoo.com

Penguin Solutions Announces New Release of Scyld Software for HPC Deployment, Cluster Management and Secure Remote User Access

November 10, 2022 | finance.yahoo.com

Stratus to Showcase Proven Edge Computing Solutions at Automation Fair

November 2, 2022 | finance.yahoo.com

Frost & Sullivan Recognizes Stratus for Edge IIoT Product Leadership

November 2, 2022 | finance.yahoo.com

Cree LED Photophyll Select LEDs Are Fully Optimized for Horticulture Applications

October 30, 2022 | finance.yahoo.com

How Did SMART Global Holdings, Inc.'s (NASDAQ:SGH) 18% ROE Fare Against The Industry?

October 25, 2022 | finance.yahoo.com

2 Beaten-Down American Semiconductor Stocks: Which Is the Better Buy?

October 24, 2022 | msn.com

Barclays Maintains Overweight Rating for SMART Glb Hldgs: Here's What You Need To Know

October 24, 2022 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About SMART Glb Hldgs

October 17, 2022 | seekingalpha.com

SMART Global Holdings Is Still In A Downward Spiral

October 13, 2022 | finance.yahoo.com

SGH Releases 2021 Environmental, Social, and Governance (ESG) Report

October 12, 2022 | finance.yahoo.com

SMART Modular Technologies Expands DuraMemory Portfolio with New DDR5 Very Low Profile ECC UDIMMs

October 6, 2022 | finance.yahoo.com

Here's Why We Think SMART Global Holdings (NASDAQ:SGH) Might Deserve Your Attention Today

October 5, 2022 | finance.yahoo.com

SMART Analyst Slashes Price Target By 25% Citing Macro Challenges In LED & Memory Segments

October 5, 2022 | finance.yahoo.com

SMART's Diversification Strategy Paying Off Through the Trough, Analyst Says

October 5, 2022 | msn.com

Needham Maintains Buy Rating for SMART Glb Hldgs: Here's What You Need To Know

October 4, 2022 | finance.yahoo.com

SMART Global Holdings, Inc. (SGH) Beats Q4 Earnings Estimates

October 4, 2022 | finance.yahoo.com

SGH Reports Fourth Quarter and Full Year Fiscal 2022 Financial Results

September 30, 2022 | baystreet.ca

Jobs Numbers Roll out Ahead of Canadian Long Weekend

September 15, 2022 | finance.yahoo.com

Investing in SMART Global Holdings (NASDAQ:SGH) five years ago would have delivered you a 64% gain

September 14, 2022 | finance.yahoo.com

Cree LED and Tomar Electronics Enter Settlement and Limited License Agreement

September 13, 2022 | finance.yahoo.com

SGH Announces Fourth Quarter Fiscal 2022 Financial Conference Call

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SGH Company Calendar

Last Earnings: 10/04/2022
Today: 12/04/2022
Next Earnings (Estimated): 1/03/2023
Fiscal Year End: 8/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:SGH
Previous Symbol: NYSE:SGH
CUSIP: N/A
CIK: 1616533
Web: www.smartm.com
Phone: (866) 977-4446
Fax: 510-623-1434
Employees: 3,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $29.50
High Stock Price Forecast: $45.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +75.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.2450
Trailing P/E Ratio: 13.51
Forward P/E Ratio: 11.21
P/E Growth: N/A
Net Income: $66.56 million
Net Margins: 3.66%
Pretax Margin: 4.86%
Return on Equity: 42.03%
Return on Assets: 10.33%

Debt

Debt-to-Equity Ratio: 1.56
Current Ratio: 2.23
Quick Ratio: 1.61

Sales & Book Value

Annual Sales: $1.82 billion
Price / Sales: 0.45
Cash Flow: $4.67 per share
Price / Cash Flow: 3.60
Book Value: $7.57 per share
Price / Book: 2.22

Miscellaneous

Outstanding Shares: 48,620,000
Free Float: 47,357,000
Market Cap: $817.79 million
Optionable: Optionable
Beta: 1.31

Key Executives

Mr. Mark W. Adams (Age 58)
Pres, CEO & Director
Comp: $2.06M

Mr. Ken Rizvi (Age 47)
Sr. VP & CFO
Comp: $709.84k

Mr. Jack A. Pacheco (Age 62)
Exec. VP, COO & Pres of Memory Solutions
Comp: $1.1M

Ms. Anne Kuykendall (Age 45)
VP & Gen. Counsel
Comp: $544.02k

Mr. Thierry Pellegrino (Age 46)
Sr. VP & Pres of Intelligent Platform Solutions
Comp: $679.43k

Mr. Claude Z. Demby (Age 58)
Consultant
Comp: $530.04k

Ms. Suzanne Schmidt
Head of Investor Relation

Ms. Valerie Sassani
VP of Marketing & Communications

Mr. David J. C. Laurello (Age 66)
Sr. VP of Corp. Devel. & Pres and CEO of Stratus

Mr. Richard Hazell (Age 60)
Sr. Director of Worldwide Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SGH Stock - Frequently Asked Questions

Should I buy or sell SMART Global stock right now?: 5 Wall Street research 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 research analysts is that investors should "buy" SGH shares.
View SGH analyst ratings or view top-rated stocks.
What is SMART Global's stock price forecast for 2023?: 5 brokerages have issued 12-month price targets for SMART Global's stock. Their SGH share price forecasts range from $15.00 to $45.00. On average, they expect the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 75.4% from the stock's current price.
View analysts price targets for SGH or view top-rated stocks among Wall Street analysts.
How have SGH shares performed in 2022?: SMART Global's stock was trading at $27.85 at the start of the year. Since then, SGH shares have decreased by 39.6% and is now trading at $16.82.
View the best growth stocks for 2022 here.
When is SMART Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 3rd 2023.
View our SGH earnings forecast.
How were SMART Global's earnings last quarter?: SMART Global Holdings, Inc. (NASDAQ:SGH) released its earnings results on Tuesday, October, 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm earned $437.70 million during the quarter, compared to analysts' expectations of $440.01 million. SMART Global had a trailing twelve-month return on equity of 42.03% and a net margin of 3.66%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS.
When did SMART Global's stock split?: SMART Global shares split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly minted shares were issued 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.
What guidance has SMART Global issued on next quarter's earnings?: SMART Global updated its first quarter 2023 earnings guidance on Thursday, October, 27th. The company provided EPS guidance of $0.45-$0.75 for the period, compared to the consensus earnings per share estimate of $0.76. The company issued revenue guidance of $425.00 million-$475.00 million, compared to the consensus revenue estimate of $455.91 million.
What is Iain MacKenzie's approval rating as SMART Global's CEO?: 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.

What other stocks do shareholders of SMART Global own?: 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).
When did SMART Global IPO?: (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.
What is SMART Global's stock symbol?: SMART Global trades on the NASDAQ under the ticker symbol "SGH."
Who are SMART Global's major shareholders?: SMART Global's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.34%), State Street Corp (5.80%), Boston Partners (3.29%), Dimensional Fund Advisors LP (2.79%), The Manufacturers Life Insurance Company (2.31%) and Jacobs Levy Equity Management Inc. (1.75%). Insiders that own company stock include Ajay Shah, Alan Marten, Claude Demby, Jack A Pacheco, Jack A Pacheco, Ken Rizvi, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Mukesh Patel, Penny Herscher, Stephen C Dow, Thierry Pellegrino and Thomas Coull.
View institutional ownership trends.
How do I buy shares of SMART Global?: 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.
Compare Top Brokerages Here.
What is SMART Global's stock price today?: One share of SGH stock can currently be purchased for approximately $16.82.
How much money does SMART Global make?: SMART Global (NASDAQ:SGH) has a market capitalization of $817.79 million and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or $1.2450 on an earnings per share basis.
How many employees does SMART Global have?: The company employs 3,600 workers across the globe.
How can I contact SMART Global?: 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.

This page (NASDAQ:SGH) was last updated on 12/4/2022 by MarketBeat.com Staff

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