SMART Global (SGH) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGH shares.
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5 Wall Street research analysts have issued 1 year price targets for SMART Global's shares. Their SGH share price forecasts range from $20.00 to $35.00. On average, they predict the company's share price to reach $25.40 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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SMART Global's stock was trading at $14.88 at the beginning of the year. Since then, SGH stock has increased by 61.3% and is now trading at $24.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
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SMART Global will be holding an earnings conference call on Thursday, June 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "925273".

SMART Global Holdings, Inc. (NASDAQ:SGH) posted its quarterly earnings results on Tuesday, April, 4th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.43 by $0.18. The company had revenue of $429.17 million for the quarter, compared to analyst estimates of $435.01 million. SMART Global had a net margin of 1.22% and a trailing twelve-month return on equity of 35.07%.

ETFs with the largest weight of SMART Global (NASDAQ:SGH) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), VanEck Brazil Small-Cap ETF (BRF), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco S&P SmallCap Information Technology ETF (PSCT), Syntax Stratified SmallCap ETF (SSLY), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Royce Quant Small-Cap Quality Value ETF (SQLV) and IQ Chaikin U.S. Small Cap ETF (CSML).

SMART Global's stock split before market open on Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly issued shares were issued to shareholders after the market closes on Wednesday, February 2nd 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

SMART Global updated its third quarter 2023 earnings guidance on Tuesday, April, 4th. The company provided earnings per share (EPS) guidance of $0.30-$0.50 for the period, compared to the consensus estimate of $0.42. The company issued revenue guidance of $355.00 million-$395.00 million, compared to the consensus revenue estimate of $408.23 million.

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.

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).

(SGH) raised $74 million in an initial public offering (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 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. (16.23%), Ameriprise Financial Inc. (12.49%), State Street Corp (6.05%), Clearbridge Investments LLC (4.16%), Dimensional Fund Advisors LP (2.72%) and Boston Partners (2.26%). 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 and Thierry Pellegrino.
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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.
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One share of SGH stock can currently be purchased for approximately $24.00.

SMART Global (NASDAQ:SGH) has a market capitalization of $1.18 billion and generates $1.82 billion in revenue each year. The company earns $66.56 million in net income (profit) each year or $0.39 on an earnings per share basis.

The company employs 3,600 workers across the globe.

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.