Smart Global Holdings Inc (SGH) Director Sells $213,100.00 in Stock

Smart Global Holdings Inc (NASDAQ:SGH) Director Iain Mackenzie sold 10,000 shares of Smart Global stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $21.31, for a total value of $213,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Iain Mackenzie also recently made the following trade(s):

  • On Friday, March 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The stock was sold at an average price of $23.95, for a total value of $239,500.00.
  • On Friday, February 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The stock was sold at an average price of $28.78, for a total value of $287,800.00.

NASDAQ SGH opened at $21.94 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.39 and a current ratio of 1.92. Smart Global Holdings Inc has a twelve month low of $18.27 and a twelve month high of $51.63. The company 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.

Smart Global (NASDAQ:SGH) last released its quarterly earnings results on Thursday, March 28th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.12). Smart Global had a net margin of 7.49% and a return on equity of 61.87%. The firm had revenue of $304.10 million for the quarter, compared to the consensus estimate of $317.27 million. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Research analysts predict that Smart Global Holdings Inc will post 3.03 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Smart Global by 265.6% in the fourth quarter. Rhumbline Advisers now owns 30,692 shares of the company’s stock worth $912,000 after acquiring an additional 22,296 shares in the last quarter. Vanguard Group Inc boosted its holdings in Smart Global by 33.4% in the third quarter. Vanguard Group Inc now owns 1,667,132 shares of the company’s stock worth $47,913,000 after acquiring an additional 417,170 shares in the last quarter. Paloma Partners Management Co bought a new stake in Smart Global in the third quarter worth $211,000. Boston Partners boosted its holdings in Smart Global by 73.3% in the fourth quarter. Boston Partners now owns 630,483 shares of the company’s stock worth $18,725,000 after acquiring an additional 266,631 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Smart Global by 7,691.3% in the fourth quarter. Bank of Montreal Can now owns 5,376 shares of the company’s stock worth $160,000 after acquiring an additional 5,307 shares in the last quarter. Institutional investors own 99.44% of the company’s stock.

SGH has been the topic of a number of recent analyst reports. BidaskClub upgraded Smart Global from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Roth Capital cut their price objective on Smart Global from $60.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 9th. Stifel Nicolaus cut their price objective on Smart Global from $62.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, January 9th. Barclays reiterated a “buy” rating and issued a $38.00 price objective on shares of Smart Global in a research report on Thursday, January 10th. Finally, Deutsche Bank cut their price objective on Smart Global from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, March 29th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.00.

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Smart Global Company Profile

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

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