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) issued its earnings results on Thursday, December, 19th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $272 million for the quarter, compared to the consensus estimate of $279.30 million. Smart Global had a net margin of 1.89% and a return on equity of 13.14%. The firm's revenue for the quarter was down 31.0% on a year-over-year basis. During the same period in the previous year, the firm earned $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 EPS estimate of $0.57. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $266.11 million.

5 brokerages have issued twelve-month price targets for Smart Global's shares. 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.

Headlines about SGH stock have been trending very negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Smart Global earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Smart Global.

Smart Global saw a increase in short interest during 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 daily trading volume, of 378,200 shares, the short-interest ratio is currently 4.4 days. Currently, 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 BE Semiconductor Industrs (BESIY), AU Optronics (AUOTY), Amkor Technology (AMKR), Power Integrations (POWI), Diodes (DIOD), Finisar (FNSR), Lattice Semiconductor (LSCC), Acacia Communications (ACIA), Tower Semiconductor (TSEM), Synaptics (SYNA), Ambarella (AMBA), FormFactor (FORM), MACOM Technology Solutions (MTSI), OSI Systems (OSIS) and Silicon Motion Technology (SIMO).

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 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.

Smart Global's stock is owned by many different of institutional and retail investors. Top institutional investors 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 purchased 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 $830.35 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]