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 quarterly earnings data on Thursday, December, 19th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.54 by $0.01. The company had revenue of $272 million for the quarter, compared to analysts' expectations of $279.30 million. Smart Global had a return on equity of 13.14% and a net margin of 1.89%. 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 posted $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 updated its second quarter earnings guidance on Thursday, December, 19th. The company provided earnings per share guidance of $0.45-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $266.11 million.

5 brokers have issued 12-month price objectives for Smart Global's shares. Their forecasts range from $34.00 to $45.00. On average, they expect Smart Global's stock price to reach $40.20 in the next year. This suggests a possible upside of 17.3% 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 headlines about SGH stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Smart Global earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Smart Global.

Smart Global saw a increase in short interest in 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. Approximately 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 Amkor Technology (AMKR), Power Integrations (POWI), Diodes (DIOD), Finisar (FNSR), Lattice Semiconductor (LSCC), Acacia Communications (ACIA), Tower Semiconductor (TSEM), Synaptics (SYNA), AU Optronics (AUO), Ambarella (AMBA), FormFactor (FORM), MACOM Technology Solutions (MTSI), OSI Systems (OSIS), Silicon Motion Technology (SIMO) and Kulicke and Soffa Industries (KLIC).

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 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 many different of institutional and retail investors. Top institutional shareholders include 6 Meridian (0.04%). 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 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 $34.26.

Smart Global has a market capitalization of $816.69 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]