Dimensional Fund Advisors LP Acquires 112,077 Shares of Smart Global Holdings Inc (SGH)

Dimensional Fund Advisors LP grew its holdings in Smart Global Holdings Inc (NASDAQ:SGH) by 26.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 535,401 shares of the company’s stock after acquiring an additional 112,077 shares during the period. Dimensional Fund Advisors LP owned about 2.34% of Smart Global worth $15,902,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SGH. BlackRock Inc. boosted its holdings in shares of Smart Global by 137.4% in the 4th quarter. BlackRock Inc. now owns 1,661,267 shares of the company’s stock valued at $49,339,000 after acquiring an additional 961,590 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Smart Global by 33.4% in the 3rd quarter. Vanguard Group Inc now owns 1,667,132 shares of the company’s stock valued at $47,913,000 after acquiring an additional 417,170 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Smart Global by 33.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,667,132 shares of the company’s stock valued at $47,913,000 after acquiring an additional 417,170 shares during the last quarter. Boston Partners boosted its holdings in shares of Smart Global by 73.3% in the 4th quarter. Boston Partners now owns 630,483 shares of the company’s stock valued at $18,725,000 after acquiring an additional 266,631 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Smart Global by 130.1% in the 3rd quarter. AQR Capital Management LLC now owns 247,421 shares of the company’s stock valued at $7,111,000 after acquiring an additional 139,910 shares during the last quarter. 99.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SGH opened at $21.94 on Wednesday. Smart Global Holdings Inc has a 1 year low of $18.27 and a 1 year high of $51.63. The firm has a market cap of $487.26 million, a P/E ratio of 3.66, a PEG ratio of 0.48 and a beta of 0.28. The company has a current ratio of 1.92, a quick ratio of 1.39 and a debt-to-equity ratio of 0.78.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings results on Thursday, March 28th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.12). Smart Global had a return on equity of 61.87% and a net margin of 7.49%. The firm had revenue of $304.10 million for the quarter, compared to analysts’ expectations of $317.27 million. During the same period last year, the company posted $1.73 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, research analysts anticipate that Smart Global Holdings Inc will post 3.03 EPS for the current year.

Several analysts have recently commented on SGH shares. Barclays reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Smart Global in a report on Thursday, January 10th. BidaskClub downgraded shares of Smart Global from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Smart Global from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. ValuEngine raised shares of Smart Global from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Stifel Nicolaus lowered their price target on shares of Smart Global from $62.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, January 9th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Smart Global has an average rating of “Hold” and an average target price of $40.00.

In other Smart Global news, Director Iain Mackenzie sold 10,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $21.31, for a total transaction of $213,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Bruce M. Goldberg sold 2,200 shares of the stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $24.26, for a total transaction of $53,372.00. The disclosure for this sale can be found here. Insiders have sold 43,032 shares of company stock worth $1,070,876 over the last three months. 4.20% of the stock is currently owned by insiders.

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About Smart Global

SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.

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Institutional Ownership by Quarter for Smart Global (NASDAQ:SGH)

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