NASDAQ:SGH - Smart Global Stock Price, Price Target & More

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

Smart Global Holdings Inc (NASDAQ:SGH) announced its quarterly earnings results on Thursday, March, 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.33 by $0.40. The business earned $314 million during the quarter, compared to the consensus estimate of $290.06 million. Smart Global had a net margin of 5.50% and a return on equity of 100.66%. The business's quarterly revenue was up 82.6% compared to the same quarter last year. View Smart Global's Earnings History.

Smart Global updated its third quarter earnings guidance on Thursday, March, 22nd. The company provided earnings per share guidance of $1.74-$1.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.26. The company issued revenue guidance of $320-$340 million, compared to the consensus revenue estimate of $290.88 million.

7 Wall Street analysts have issued 1 year target prices for Smart Global's stock. Their forecasts range from $28.50 to $75.00. On average, they expect Smart Global's stock price to reach $49.6429 in the next year. View Analyst Ratings for Smart Global.

Smart Global saw a drop in short interest during the month of April. As of April 13th, there was short interest totalling 374,869 shares, a drop of 68.2% from the March 30th total of 1,179,330 shares. Based on an average trading volume of 1,109,478 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.5% of the shares of the stock are short sold.

Some companies that are related to Smart Global include Semtech (SMTC), Cabot Microelectronics (CCMP), Tower Semiconductor (TSEM), SolarEdge (SEDG), Cirrus Logic (CRUS), Viavi Solutions (VIAV), Amkor Technology (AMKR), Power Integrations (POWI), Finisar (FNSR), Kulicke and Soffa Industries (KLIC), Silicon Motion (SIMO), Dialog Semiconductor (DLGNF), Ambarella (AMBA), MaxLinear (MXL) and Synaptics (SYNA).

(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.

Headlines about SGH stock have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Smart Global earned a media sentiment score of 0.11 on Accern's scale. They also gave news articles about the company an impact score of 47.48 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

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 $40.53.

Smart Global has a market capitalization of $860.81 million and generates $132.88 million in revenue each year. The company earns $-7,790,000.00 in net income (profit) each year or $2.04 on an earnings per share basis. Smart Global employs 1,169 workers across the globe.

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]