Smart Global Stock Price, News & Analysis (NASDAQ:SGH)

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

Smart Global Holdings Inc (NASDAQ:SGH) announced its earnings results on Thursday, October, 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.03. The company earned $278.40 million during the quarter, compared to the consensus estimate of $285.05 million. Smart Global had a net margin of 4.24% and a return on equity of 25.19%. The business's quarterly revenue was down 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. View Smart Global's Earnings History.

Smart Global is scheduled to release their next quarterly earnings announcement on Tuesday, January 14th 2020. View Earnings Estimates for Smart Global.

Smart Global updated its first quarter earnings guidance on Thursday, October, 3rd. The company provided earnings per share (EPS) guidance of $0.68-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.85. The company issued revenue guidance of $275-285 million, compared to the consensus revenue estimate of $309.33 million.

5 analysts have issued twelve-month price objectives for Smart Global's stock. Their forecasts range from $30.00 to $50.00. On average, they expect Smart Global's stock price to reach $37.00 in the next year. This suggests a possible upside of 32.5% 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Smart Global.

Media coverage about SGH stock has trended neutral recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Smart Global earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Smart Global.

Smart Global saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,050,000 shares, an increase of 7.9% from the August 30th total of 1,900,000 shares. Based on an average daily trading volume, of 406,200 shares, the days-to-cover ratio is currently 5.0 days. Approximately 16.2% of the shares of the stock are short sold. View Smart Global's Current Options Chain.

Some companies that are related to Smart Global include BE Semiconductor Industrs (BESIY), Acacia Communications (ACIA), Lattice Semiconductor (LSCC), AU Optronics (AUOTY), AU Optronics (AUO), Amkor Technology (AMKR), Diodes (DIOD), Tower Semiconductor (TSEM), Ambarella (AMBA), OSI Systems (OSIS), MaxLinear (MXL), FormFactor (FORM), Rambus (RMBS), Kulicke and Soffa Industries (KLIC) and MACOM Technology Solutions (MTSI).

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), Applied Materials (AMAT), Lam Research (LRCX), Alibaba Group (BABA), NVIDIA (NVDA), Verizon Communications (VZ), Square (SQ) and Exelixis (EXEL).

(SGH) raised $74 million in an 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 served 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 retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.04%) and Meeder Asset Management Inc. (0.03%). 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, Sandeep Nayyar 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 Meeder Asset Management Inc. and State of Alaska Department of Revenue. 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 $27.93.

Smart Global has a market capitalization of $644.62 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 1,538 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]