Smart Global Stock Price, News & Analysis (NASDAQ:SGH)

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

Smart Global Holdings Inc (NASDAQ:SGH) released its quarterly earnings results on Thursday, October, 3rd. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.53 by $0.03. The company earned $278.40 million during the quarter, compared to analysts' expectations of $285.05 million. Smart Global had a return on equity of 25.19% and a net margin of 4.24%. The company's revenue was down 25.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 EPS. View Smart Global's Earnings History.

Smart Global is scheduled to release their next quarterly earnings announcement on Tuesday, January 14th 2020. View Earnings Estimates for Smart Global.

Smart Global issued an update on its first quarter earnings guidance on Thursday, October, 3rd. The company provided EPS guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.85. The company issued revenue guidance of $275-285 million, compared to the consensus revenue estimate of $309.33 million.

5 equities research analysts have issued 1-year target prices for Smart Global's stock. Their predictions range from $30.00 to $50.00. On average, they anticipate Smart Global's stock price to reach $37.00 in the next year. This suggests a possible upside of 31.2% 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Smart Global.

Press coverage about SGH stock has been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. 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 daily sentiment score of 0.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Smart Global.

Smart Global saw a increase in short interest in September. As of September 30th, there was short interest totalling 2,050,000 shares, an increase of 7.9% from the August 30th total of 1,900,000 shares. Based on an average daily volume of 406,200 shares, the days-to-cover ratio is presently 5.0 days. Approximately 16.2% of the company's shares are short sold. View Smart Global's Current Options Chain.

Some companies that are related to Smart Global include AU Optronics (AUOTY), Amkor Technology (AMKR), AU Optronics (AUO), Lattice Semiconductor (LSCC), Tower Semiconductor (TSEM), Diodes (DIOD), OSI Systems (OSIS), Ambarella (AMBA), MaxLinear (MXL), FormFactor (FORM), Rambus (RMBS), Kulicke and Soffa Industries (KLIC), MACOM Technology Solutions (MTSI), Synaptics (SYNA) 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), Applied Materials (AMAT), Lam Research (LRCX), Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), Square (SQ) and Exelixis (EXEL).

(SGH) raised $74 million in an IPO 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.

Smart Global's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Rhumbline Advisers (0.18%), Virginia Retirement Systems ET AL (0.09%), State of Alaska Department of Revenue (0.04%), 6 Meridian (0.04%) and Meeder Asset Management Inc. (0.03%). 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, Sandeep Nayyar and Stephen C Dow. View Institutional Ownership Trends for Smart Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including 6 Meridian. Company insiders that have sold Smart Global company stock in the last year include Alan Marten, Bruce M Goldberg, Iain Mackenzie and Kiwan Kim. View Insider Buying and Selling for Smart Global.

SGH stock was acquired by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., State of Alaska Department of Revenue, Rhumbline Advisers and Virginia Retirement Systems ET AL. 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 $28.21.

Smart Global has a market capitalization of $651.12 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 1,538 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]