Smart Global Holdings Inc (NASDAQ:SGH) SVP Kiwan Kim sold 52,835 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $35.62, for a total value of $1,881,982.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Smart Global Holdings Inc (NASDAQ:SGH) opened at $36.33 on Friday. Smart Global Holdings Inc has a 12 month low of $11.50 and a 12 month high of $43.15. The company has a market capitalization of $790.21 and a PE ratio of 66.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.92 and a current ratio of 1.43.
Smart Global (NASDAQ:SGH) last announced its quarterly earnings results on Thursday, December 21st. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.13. The firm had revenue of $265.40 million for the quarter, compared to analyst estimates of $255.03 million. Smart Global’s revenue for the quarter was up 66.6% compared to the same quarter last year. sell-side analysts anticipate that Smart Global Holdings Inc will post 4.76 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Stifel Nicolaus raised their price target on Smart Global from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Saturday, December 30th. Needham & Company LLC raised their price target on Smart Global from $43.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, December 26th. Roth Capital raised their price objective on Smart Global to $50.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Deutsche Bank raised their price objective on Smart Global to $45.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, Citigroup raised their price objective on Smart Global to $35.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Smart Global currently has an average rating of “Buy” and a consensus target price of $39.19.
About Smart Global
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.
What are top analysts saying about Smart Global? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Smart Global and related companies.