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Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
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OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
NASDAQ:SGH

SMART Global - SGH Stock Forecast, Price & News

$16.82
-0.36 (-2.10%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.50
▼
$17.01
50-Day Range
$12.63
▼
$17.42
52-Week Range
$12.04
▼
$37.25
Volume
358,799 shs
Average Volume
345,985 shs
Market Capitalization
$817.79 million
P/E Ratio
13.51
Dividend Yield
N/A
Price Target
$29.50

SMART Global MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
75.4% Upside
$29.50 Price Target
Short Interest
Bearish
8.19% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$179,913 Sold Last Quarter
Proj. Earnings Growth
37.33%
From $1.50 to $2.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Computer And Technology Sector

170th out of 633 stocks

Semiconductors & Related Devices Industry

25th out of 93 stocks

SGH stock logo

About SMART Global (NASDAQ:SGH) Stock

SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United States, Brazil, China, Europe, and internationally. It operates through three segments: Memory Solutions, Intelligent Platform Solutions, and LED Solutions. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms. Additionally, the company's LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It 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. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

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SGH Stock News Headlines

What 4 Analyst Ratings Have To Say About SMART Glb Hldgs
SMART Global Holdings Is Still In A Downward Spiral
Jobs Numbers Roll out Ahead of Canadian Long Weekend
See More Headlines
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SGH Company Calendar

Last Earnings
10/04/2022
Today
12/04/2022
Next Earnings (Estimated)
1/03/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SGH
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.50
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+75.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$66.56 million
Pretax Margin
4.86%

Debt

Sales & Book Value

Annual Sales
$1.82 billion
Cash Flow
$4.67 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
47,357,000
Market Cap
$817.79 million
Optionable
Optionable
Beta
1.31

Key Executives

  • Mr. Mark W. AdamsMr. Mark W. Adams (Age 58)
    Pres, CEO & Director
    Comp: $2.06M
  • Mr. Ken Rizvi (Age 47)
    Sr. VP & CFO
    Comp: $709.84k
  • Mr. Jack A. PachecoMr. Jack A. Pacheco (Age 62)
    Exec. VP, COO & Pres of Memory Solutions
    Comp: $1.1M
  • Ms. Anne Kuykendall (Age 45)
    VP & Gen. Counsel
    Comp: $544.02k
  • Mr. Thierry Pellegrino (Age 46)
    Sr. VP & Pres of Intelligent Platform Solutions
    Comp: $679.43k
  • Mr. Claude Z. Demby (Age 58)
    Consultant
    Comp: $530.04k
  • Ms. Suzanne Schmidt
    Head of Investor Relation
  • Ms. Valerie Sassani
    VP of Marketing & Communications
  • Mr. David J. C. Laurello (Age 66)
    Sr. VP of Corp. Devel. & Pres and CEO of Stratus
  • Mr. Richard Hazell (Age 60)
    Sr. Director of Worldwide Sales













SGH Stock - Frequently Asked Questions

Should I buy or sell SMART Global stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last twelve months. There are currently 5 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 forecast for 2023?

5 brokerages have issued 12-month price targets for SMART Global's stock. Their SGH share price forecasts range from $15.00 to $45.00. On average, they expect the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 75.4% 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 2022?

SMART Global's stock was trading at $27.85 at the start of the year. Since then, SGH shares have decreased by 39.6% and is now trading at $16.82.
View the best growth stocks for 2022 here
.

When is SMART Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 3rd 2023.
View our SGH earnings forecast
.

How were SMART Global's earnings last quarter?

SMART Global Holdings, Inc. (NASDAQ:SGH) released its earnings results on Tuesday, October, 4th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm earned $437.70 million during the quarter, compared to analysts' expectations of $440.01 million. SMART Global had a trailing twelve-month return on equity of 42.03% and a net margin of 3.66%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS.

When did SMART Global's stock split?

SMART Global shares split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly minted shares were issued 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 updated its first quarter 2023 earnings guidance on Thursday, October, 27th. The company provided EPS guidance of $0.45-$0.75 for the period, compared to the consensus earnings per share estimate of $0.76. The company issued revenue guidance of $425.00 million-$475.00 million, compared to the consensus revenue estimate of $455.91 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?

(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.

What is SMART Global's stock symbol?

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

Who are SMART Global's major shareholders?

SMART Global's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.34%), State Street Corp (5.80%), Boston Partners (3.29%), Dimensional Fund Advisors LP (2.79%), The Manufacturers Life Insurance Company (2.31%) and Jacobs Levy Equity Management Inc. (1.75%). Insiders that own company stock include Ajay Shah, Alan Marten, Claude Demby, Jack A Pacheco, Jack A Pacheco, Ken Rizvi, Kiwan Kim, Lake (Offshore) Aiv Gp Silver, Lake Sumeru (Offshore) Silver, Mark Adams, Mukesh Patel, Penny Herscher, Stephen C Dow, Thierry Pellegrino and Thomas Coull.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SMART Global's stock price today?

One share of SGH stock can currently be purchased for approximately $16.82.

How much money does SMART Global make?

SMART Global (NASDAQ:SGH) has a market capitalization of $817.79 million and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or $1.2450 on an earnings per share basis.

How many employees does SMART Global have?

The company employs 3,600 workers across the globe.

How can I contact SMART Global?

SMART Global's mailing address is 39870 EUREKA DRIVE, NEWARK CA, 94560. The official website for the company is www.smartm.com. The company can be reached via phone at (866) 977-4446, via email at ir@smartm.com, or via fax at 510-623-1434.

This page (NASDAQ:SGH) was last updated on 12/4/2022 by MarketBeat.com Staff