NASDAQ:SGH - Smart Global Stock Price, News, & Analysis

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

Smart Global Holdings Inc (NASDAQ:SGH) released its quarterly earnings data on Thursday, March, 28th. The company reported $0.63 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.75 by $0.12. The company had revenue of $304.10 million for the quarter, compared to analysts' expectations of $317.27 million. Smart Global had a net margin of 7.49% and a return on equity of 61.87%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.73 EPS. View Smart Global's Earnings History.

Smart Global is scheduled to release their next quarterly earnings announcement on Thursday, June 20th 2019. View Earnings Estimates for Smart Global.

Smart Global issued an update on its third quarter earnings guidance on Thursday, March, 28th. The company provided earnings per share guidance of $0.34-0.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90. The company issued revenue guidance of $260-270 million, compared to the consensus revenue estimate of $334.36 million.Smart Global also updated its Q3 2019 guidance to $0.34-0.38 EPS.

5 brokers have issued 1 year price targets for Smart Global's shares. Their predictions range from $25.00 to $75.00. On average, they anticipate Smart Global's stock price to reach $41.60 in the next year. This suggests a possible upside of 82.3% 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 coverage about SGH stock has trended somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog 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 coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

Smart Global saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 2,752,863 shares, an increase of 48.4% from the March 15th total of 1,855,600 shares. Based on an average daily trading volume, of 1,082,104 shares, the days-to-cover ratio is presently 2.5 days. Currently, 21.7% 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 Inphi (IPHI), MaxLinear (MXL), Diodes (DIOD), Tower Semiconductor (TSEM), Lattice Semiconductor (LSCC), OSI Systems (OSIS), Ambarella (AMBA), Kulicke and Soffa Industries (KLIC), Silicon Motion Technology (SIMO), Oclaro (OCLR), FormFactor (FORM), Rambus (RMBS), Synaptics (SYNA), Xperi (XPER) and Canadian Solar (CSIQ).

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

(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 served 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 shareholders include FNY Investment Advisers LLC (0.07%), Virtu Financial LLC (0.05%), Eqis Capital Management Inc. (0.05%), Meeder Asset Management Inc. (0.02%) and First Quadrant L P CA (0.02%). 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 Sandeep Nayyar. View Institutional Ownership Trends for Smart Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc.. Company insiders that have sold Smart Global company stock in the last year include Alan Marten, Bruce M Goldberg, Iain Mackenzie, Jack A Pacheco, Kiwan Kim and Mukesh Patel. View Insider Buying and Selling for Smart Global.

SGH stock was acquired by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Virtu Financial LLC, First Quadrant L P CA and Meeder Asset Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of SGH stock can currently be purchased for approximately $22.82.

Smart Global has a market capitalization of $523.19 million and generates $1.29 billion in revenue each year. The company earns $119.46 million in net income (profit) each year or $6.00 on an earnings per share basis. Smart Global employs 1,538 workers across the globe.

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]