NASDAQ:SGHSmart Global Stock Price, Forecast & News

Smart Global's stock was trading at $22.73 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SGH stock has increased by 24.1% and is now trading at $28.20. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smart Global in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Smart Global.

Smart Global is scheduled to release its next quarterly earnings announcement on Thursday, June 25th 2020. View our earnings forecast for Smart Global.

Smart Global Holdings Inc (NASDAQ:SGH) issued its earnings results on Tuesday, April, 7th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The firm earned $272 million during the quarter, compared to analysts' expectations of $268.71 million. Smart Global had a negative net margin of 0.18% and a positive return on equity of 10.07%. The firm's revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. View Smart Global's earnings history.

Smart Global issued an update on its third quarter earnings guidance on Tuesday, April, 7th. The company provided EPS guidance of $0.63-0.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.67. The company issued revenue guidance of $270-300 million, compared to the consensus revenue estimate of $275.98 million.

5 equities research analysts have issued 12 month price objectives for Smart Global's stock. Their forecasts range from $25.00 to $42.00. On average, they anticipate Smart Global's share price to reach $32.60 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price. View analysts' price targets for Smart Global.

Press coverage about SGH stock has trended negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news 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 five, with scores nearest to five being the most favorable. Smart Global earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutSmart Global.

Some companies that are related to Smart Global include Diodes (DIOD), AU Optronics (AUO), AU Optronics (AUOTY), Synaptics (SYNA), Tower Semiconductor (TSEM), MACOM Technology Solutions (MTSI), FormFactor (FORM), Ambarella (AMBA), Rambus (RMBS), Silicon Motion Technology (SIMO), Kulicke and Soffa Industries (KLIC), OSI Systems (OSIS), MaxLinear (MXL), SunPower (SPWR) and Canadian Solar (CSIQ). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Smart Global investors own include Micron Technology (MU), Alibaba Group (BABA), Intel (INTC), Lam Research (LRCX), NVIDIA (NVDA), Verizon Communications (VZ), Square (SQ), Applied Materials (AMAT), Advanced Micro Devices (AMD) and Exelixis (EXEL).

(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 trades on the NASDAQ under the ticker symbol "SGH."

Smart Global's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.58%), Russell Investments Group Ltd. (3.87%), State Street Corp (2.48%), JPMorgan Chase & Co. (1.71%), Geode Capital Management LLC (0.88%) and Deutsche Bank AG (0.83%). Company insiders that own Smart Global stock include Alan Marten, Bruce M Goldberg, Iain Mackenzie, Jack A Pacheco, Kiwan Kim, Mukesh Patel, Stephen C Dow and Thomas Coull. View institutional ownership trends for Smart Global.

SGH stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, AQR Capital Management LLC, BlackRock Inc., Morgan Stanley, Public Sector Pension Investment Board, Citigroup Inc., Acadian Asset Management LLC, and Two Sigma Advisers LP. Company insiders that have sold Smart Global company stock in the last year include Bruce M Goldberg, Kiwan Kim, and Thomas Coull. View insider buying and selling activity for Smart Global.

SGH stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Deutsche Bank AG, Nomura Holdings Inc., Matarin Capital Management LLC, JPMorgan Chase & Co., Federated Hermes Inc., Los Angeles Capital Management & Equity Research Inc., and Canada Pension Plan Investment Board. View insider buying and selling activity 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 $28.20.

Smart Global has a market capitalization of $676.60 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.

The official website for Smart Global is 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]