Jack A. Pacheco Sells 7,500 Shares of Smart Global Holdings Inc (SGH) Stock

Smart Global Holdings Inc (NASDAQ:SGH) VP Jack A. Pacheco sold 7,500 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $31.06, for a total value of $232,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Smart Global Holdings Inc (SGH) opened at $34.23 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.45 and a quick ratio of 0.92. Smart Global Holdings Inc has a 1-year low of $11.50 and a 1-year high of $43.15.

Smart Global (NASDAQ:SGH) last issued its earnings results on Thursday, December 21st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.13. The company had revenue of $265.40 million for the quarter, compared to the consensus estimate of $255.03 million. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. research analysts predict that Smart Global Holdings Inc will post 3.59 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Smart Global during the third quarter worth about $103,000. Legal & General Group Plc acquired a new stake in Smart Global in the 3rd quarter valued at approximately $133,000. Strs Ohio acquired a new stake in Smart Global in the 3rd quarter valued at approximately $158,000. Macquarie Group Ltd. acquired a new stake in Smart Global in the 3rd quarter valued at approximately $166,000. Finally, Stifel Financial Corp acquired a new stake in Smart Global in the 2nd quarter valued at approximately $169,000. 92.18% of the stock is currently owned by institutional investors.

SGH has been the subject of a number of research reports. Zacks Investment Research upgraded Smart Global from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price target (up previously from $27.00) on shares of Smart Global in a report on Thursday, September 28th. Deutsche Bank reiterated a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Smart Global in a report on Monday, October 2nd. Roth Capital reiterated a “buy” rating and issued a $30.00 price target (up previously from $24.00) on shares of Smart Global in a report on Friday, September 8th. Finally, Needham & Company LLC raised their price target on Smart Global from $33.00 to $40.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 11th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.94.

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Smart Global Company Profile

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

Insider Buying and Selling by Quarter for Smart Global (NASDAQ:SGH)

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