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NASDAQ:SGH

SMART Global - SGH Stock Forecast, Price & News

$19.37
-0.23 (-1.17%)
(As of 08/8/2022 05:24 PM ET)
Add
Compare
Today's Range
$19.05
$19.72
50-Day Range
$16.15
$25.36
52-Week Range
$15.10
$37.25
Volume
379,510 shs
Average Volume
826,878 shs
Market Capitalization
$968.35 million
P/E Ratio
15.68
Dividend Yield
N/A
Price Target
$36.00

SMART Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
85.9% Upside
$36.00 Price Target
Short Interest
Healthy
6.12% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$256,862 Bought Last Quarter
Proj. Earnings Growth
-16.61%
From $2.77 to $2.31 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Computer And Technology Sector

228th out of 833 stocks

Semiconductors & Related Devices Industry

35th out of 115 stocks

SGH stock logo

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 Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments. 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 Newark, California.

SMART Global Price Performance

Shares of NASDAQ:SGH opened at $19.60 on Monday. The stock has a fifty day moving average price of $19.88. The company has a current ratio of 2.22, a quick ratio of 1.53 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $979.84 million, a PE ratio of 15.87 and a beta of 1.37. SMART Global has a 1 year low of $15.10 and a 1 year high of $37.25.

SMART Global (NASDAQ:SGH - Get Rating) last posted its earnings results on Wednesday, June 29th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.12. The company had revenue of $462.54 million during the quarter, compared to analysts' expectations of $455.02 million. SMART Global had a net margin of 3.64% and a return on equity of 48.23%. SMART Global's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. On average, research analysts expect that SMART Global will post 2.77 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SGH. Needham & Company LLC lowered their price objective on shares of SMART Global from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. Barclays lowered their price objective on shares of SMART Global from $30.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of SMART Global from $40.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. Stifel Nicolaus decreased their price target on shares of SMART Global from $45.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. Finally, Rosenblatt Securities decreased their price target on shares of SMART Global from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $36.00.

Insider Activity at SMART Global

In related news, CEO Mark Adams bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 26th. The stock was bought at an average cost of $18.10 per share, with a total value of $181,000.00. Following the completion of the purchase, the chief executive officer now owns 915,255 shares of the company's stock, valued at approximately $16,566,115.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SMART Global news, CEO Mark Adams acquired 10,000 shares of the company's stock in a transaction on Tuesday, July 26th. The stock was acquired at an average cost of $18.10 per share, with a total value of $181,000.00. Following the purchase, the chief executive officer now directly owns 915,255 shares of the company's stock, valued at approximately $16,566,115.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ken Rizvi bought 4,250 shares of the stock in a transaction dated Tuesday, July 26th. The stock was purchased at an average price of $17.85 per share, with a total value of $75,862.50. Following the acquisition, the chief financial officer now directly owns 125,348 shares in the company, valued at approximately $2,237,461.80. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

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SGH Stock News Headlines

SMART Global (NASDAQ:SGH) Updates Q4 2022 Earnings Guidance
SGH Reports Third Quarter Fiscal 2022 Financial Results
SMART Global Holdings: A Bounce Could Be In Store
SMART Modular Technologies Joins IGEL Ready Program
See More Headlines
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SGH Company Calendar

Last Earnings
6/29/2022
Today
8/08/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
10/11/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SGH
Employees
3,926
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+85.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$21.31 million
Pretax Margin
5.24%

Debt

Sales & Book Value

Annual Sales
$1.50 billion
Cash Flow
$3.42 per share
Book Value
$6.57 per share

Miscellaneous

Free Float
48,692,000
Market Cap
$968.35 million
Optionable
Optionable
Beta
1.37














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 year. 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 2022?

5 brokers have issued twelve-month price targets for SMART Global's shares. Their SGH stock forecasts range from $22.00 to $45.00. On average, they anticipate the company's stock price to reach $36.00 in the next twelve months. This suggests a possible upside of 88.6% from the stock's current price.
View analysts price targets for SGH
or view top-rated stocks among Wall Street analysts.

How has SMART Global's stock price performed in 2022?

SMART Global's stock was trading at $27.85 at the beginning of 2022. Since then, SGH shares have decreased by 31.5% and is now trading at $19.09.
View the best growth stocks for 2022 here
.

When is SMART Global's next earnings date?

SMART Global is scheduled to release its next quarterly earnings announcement on Tuesday, October 11th 2022.
View our SGH earnings forecast
.

How were SMART Global's earnings last quarter?

SMART Global Holdings, Inc. (NASDAQ:SGH) released its quarterly earnings data on Wednesday, June, 29th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.12. The firm had revenue of $462.54 million for the quarter, compared to analyst estimates of $455.02 million. SMART Global had a trailing twelve-month return on equity of 48.23% and a net margin of 3.64%. SMART Global's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share.

When did SMART Global's stock split?

SMART Global's stock split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly issued shares were payable to shareholders after the market closes 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 fourth quarter 2022 earnings guidance on Wednesday, July, 27th. The company provided earnings per share (EPS) guidance of $0.55-$0.75 for the period, compared to the consensus estimate of $0.84. The company issued revenue guidance of $420.00 million-$460.00 million, compared to the consensus revenue estimate of $478.77 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 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.

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 a number of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (1.48%), Peregrine Capital Management LLC (1.24%), Foundry Partners LLC (0.48%), P.A.W. Capital Corp (0.44%), Paradiem LLC (0.31%) and Los Angeles Capital Management LLC (0.27%). Insiders that own company stock include Ajay Shah, Alan Marten, Bruce M Goldberg, 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, Stephen C Dow 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 $19.09.

How much money does SMART Global make?

SMART Global (NASDAQ:SGH) has a market capitalization of $954.35 million and generates $1.50 billion in revenue each year. The company earns $21.31 million in net income (profit) each year or $1.2350 on an earnings per share basis.

How many employees does SMART Global have?

SMART Global employs 3,926 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 8/8/2022 by MarketBeat.com Staff

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