SMART Global (SGH) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SMART Global in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGH shares.
View SGH analyst ratings or view top-rated stocks.

3 brokers have issued 12 month price objectives for SMART Global's stock. Their SGH share price targets range from $27.00 to $35.00. On average, they anticipate the company's share price to reach $30.70 in the next twelve months. This suggests a possible upside of 66.3% from the stock's current price.
View analysts price targets for SGH or view top-rated stocks among Wall Street analysts.

SMART Global's stock was trading at $18.93 at the beginning of the year. Since then, SGH stock has decreased by 2.5% and is now trading at $18.46.
View the best growth stocks for 2024 here.

SMART Global saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,990,000 shares, an increase of 40.5% from the March 15th total of 2,840,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 3.9 days.
View SMART Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our SGH earnings forecast.

SMART Global Holdings, Inc. (NASDAQ:SGH) released its quarterly earnings results on Tuesday, January, 9th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.08. The business earned $274.25 million during the quarter, compared to the consensus estimate of $275 million. SMART Global had a positive trailing twelve-month return on equity of 11.82% and a negative net margin of 15.79%. The business's quarterly revenue was down 30.0% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share.

ETFs with the largest weight of SMART Global (NASDAQ:SGH) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), VanEck Brazil Small-Cap ETF (BRF), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco Nasdaq Future Gen 200 ETF (QQQS), Syntax Stratified SmallCap ETF (SSLY) and iShares Micro-Cap ETF (IWC).IQ Chaikin U.S. Small Cap ETF (CSML).

Shares of SMART Global split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, February 2nd 2022. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

SMART Global updated its third quarter 2024 earnings guidance on Tuesday, April, 9th. The company provided earnings per share guidance of 0.150-0.450 for the period, compared to the consensus earnings per share estimate of 0.280. The company issued revenue guidance of $275.0 million-$325.0 million, compared to the consensus revenue estimate of $307.9 million.

11 employees have rated SMART Global Chief Executive Officer Iain MacKenzie on Glassdoor.com. Iain MacKenzie has an approval rating of 93% among the company's employees. This puts Iain MacKenzie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SMART Global investors own include Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Verizon Communications (VZ), Applied Materials (AMAT), Block (SQ), Lam Research (LRCX), Advanced Micro Devices (AMD) and AbbVie (ABBV).

SMART Global (SGH) raised $74 million in an initial public offering (IPO) on Wednesday, May 24th 2017. The company issued 5,300,000 shares at a price of $13.00-$15.00 per share. Barclays, Deutsche Bank Securities, Jefferies and Stifel acted as the underwriters for the IPO and Needham & Company and Roth Capital Partners were co-managers.

SMART Global's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), Griffin Asset Management Inc. (0.02%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Ajay Shah, Claude Demby, Jack A Pacheco, Jack A Pacheco, Joseph Gates Clark, Ken Rizvi, Lake (Offshore) Aiv Gp Silver, Mark Adams, Mukesh Patel, Penny Herscher, Sandeep Nayyar and Thierry Pellegrino.
View institutional ownership trends.

Shares of SGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.