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NASDAQ:SGH

SMART Global (SGH) Stock Price, News & Analysis

$16.86
-0.86 (-4.85%)
(As of 03:52 PM ET)
Today's Range
$16.80
$18.13
50-Day Range
$17.72
$26.90
52-Week Range
$12.66
$29.99
Volume
1.06 million shs
Average Volume
1.11 million shs
Market Capitalization
$881.78 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.70

SMART Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
81.5% Upside
$30.70 Price Target
Short Interest
Bearish
7.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.13mentions of SMART Global in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$187,900 Bought Last Quarter
Proj. Earnings Growth
128.13%
From $0.64 to $1.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.07 out of 5 stars

Computer And Technology Sector

281st out of 582 stocks

Semiconductors & Related Devices Industry

43rd out of 88 stocks

SGH stock logo

About SMART Global Stock (NASDAQ:SGH)

SMART Global Holdings, Inc., a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. It also provides Penguin Computing that focus on technical computing for core and cloud environments through HPC and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications including high-performance products for government, health care, industrial, and telecommunications applications. In addition, the company offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and leading-edge solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, it provides LED-based products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brand. The company 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. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

SGH Stock Price History

SGH Stock News Headlines

SMART Global Gets 25% Discount: Analysts Lift Targets
Weak details or not, the 25% price implosion in SMART Global NASDAQ: SGH share price is an opportune time to buy into this stock. The expectations were high going into the Q2 report, and end-market normalization is still in play, so weakness is not surprising.
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
SMART Global Gets 25% Discount: Analysts Lift Targets
SMART Global is a deeply undervalued stock that has been well-positioned for a decades-long upgrade cycle of AI-driven industrial and enterprise applications.
Insiders Buying SMART Global Holdings And 2 Other Stocks
Strange new buyer driving up gold
One Wall Street trader just made a big new gold prediction: "Pay attention to physical demand for gold... the interest seen over the last week has been unprecedented."
SMART Global (NASDAQ:SGH) Shares Gap Down to $25.92
SMART Global Q2 Earnings: Not Worth Chasing Higher
Q2 2024 SMART Global Holdings Inc. Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/09/2024
Today
4/19/2024
Next Earnings (Estimated)
7/04/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SGH
Previous Symbol
NASDAQ:SGH
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.70
High Stock Price Target
$35.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+77.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-187,530,000.00
Pretax Margin
-3.25%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$3.57 per share
Book Value
$7.87 per share

Miscellaneous

Free Float
51,094,000
Market Cap
$902.70 million
Optionable
Optionable
Beta
1.74
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Key Executives


SGH Stock Analysis - Frequently Asked Questions

Should I buy or sell SMART Global stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last year. There are currently 3 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 target for 2024?

3 analysts have issued 12 month target prices for SMART Global's shares. Their SGH share price targets range from $27.00 to $35.00. On average, they expect the company's stock price to reach $30.70 in the next twelve months. This suggests a possible upside of 81.5% 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 2024?

SMART Global's stock was trading at $18.93 at the start of the year. Since then, SGH stock has decreased by 10.7% and is now trading at $16.91.
View the best growth stocks for 2024 here
.

Are investors shorting SMART Global?

SMART Global saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,990,000 shares, an increase of 40.5% from the March 15th total of 2,840,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 3.9 days.
View SMART Global's Short Interest
.

When is SMART Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our SGH earnings forecast
.

How were SMART Global's earnings last quarter?

SMART Global Holdings, Inc. (NASDAQ:SGH) posted its quarterly earnings data on Tuesday, January, 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.08. The company earned $274.25 million during the quarter, compared to analyst estimates of $275 million. SMART Global had a positive trailing twelve-month return on equity of 11.82% and a negative net margin of 15.79%. SMART Global's quarterly revenue was down 30.0% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS.

When did SMART Global's stock split?

SMART Global's stock split before market open on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly created shares were payable 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 issued an update on its third quarter 2024 earnings guidance on Tuesday, April, 9th. The company provided earnings per share (EPS) guidance of 0.150-0.450 for the period, compared to the consensus estimate of 0.280. The company issued revenue guidance of $275.0 million-$325.0 million, compared to the consensus revenue estimate of $307.9 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?

SMART Global (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.

Who are SMART Global's major shareholders?

SMART Global's stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), Allspring Global Investments Holdings LLC (0.06%), Griffin Asset Management Inc. (0.02%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Ajay Shah, Claude Demby, Jack A Pacheco, Jack A Pacheco, Joseph Gates Clark, Ken Rizvi, Lake (Offshore) Aiv Gp Silver, Mark Adams, Mukesh Patel, Penny Herscher, Sandeep Nayyar and Thierry Pellegrino.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SGH) was last updated on 4/19/2024 by MarketBeat.com Staff

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