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NASDAQ:SGH

SMART Global (SGH) Stock Price, News & Analysis

$26.27
-0.21 (-0.79%)
(As of 03:46 PM ET)
Today's Range
$26.20
$26.76
50-Day Range
$19.62
$26.90
52-Week Range
$12.66
$29.99
Volume
366,832 shs
Average Volume
1.02 million shs
Market Capitalization
$1.36 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.80

SMART Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.4% Upside
$29.80 Price Target
Short Interest
Bearish
5.48% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.45mentions of SMART Global in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$323,897 Sold Last Quarter
Proj. Earnings Growth
137.10%
From $0.62 to $1.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.12 out of 5 stars

Computer And Technology Sector

397th out of 587 stocks

Semiconductors & Related Devices Industry

60th out of 91 stocks

SGH stock logo

About SMART Global Stock (NASDAQ:SGH)

SMART Global Holdings, Inc., a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. It also provides Penguin Computing that focus on technical computing for core and cloud environments through HPC and AI solutions; and Penguin Edge, an edge computing solution for embedded and wireless applications including high-performance products for government, health care, industrial, and telecommunications applications. In addition, the company offers Stratus, which provides simplified, protected, and autonomous fault tolerant computing solutions in the data center and at the Edge through hardware and software services; and leading-edge solutions to education, energy, financial services, government, hyperscale, and manufacturing markets. Further, it provides LED-based products comprising blue and green LED chips based on gallium nitride, and related materials under Cree LED brand; and surface mount devices under the Cree LED XLamp and J Series brand. The company sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Milpitas, California.

SGH Stock Price History

SGH Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
SGH Apr 2024 17.500 call
SGH Apr 2024 30.000 put
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
SMART Global Holdings Inc.
Smart Global Holdings Inc (SGH)
Cattle Reverse Course for Red Monday
CARM, AVPT and BGFV are among after hour movers
SMART Global Shares Rise Despite Wider Loss In Q1
See More Headlines
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Company Calendar

Last Earnings
1/09/2024
Today
3/28/2024
Next Earnings (Confirmed)
4/09/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:SGH
Previous Symbol
NASDAQ:SGH
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.80
High Stock Price Target
$35.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+12.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-187,530,000.00
Pretax Margin
-3.91%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$3.77 per share
Book Value
$4.58 per share

Miscellaneous

Free Float
50,638,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
1.70
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Key Executives


SGH Stock Analysis - Frequently Asked Questions

Should I buy or sell SMART Global stock right now?

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.

What is SMART Global's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price objectives for SMART Global's stock. Their SGH share price targets range from $24.00 to $35.00. On average, they expect the company's stock price to reach $29.80 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for SGH
or view top-rated stocks among Wall Street analysts.

How have SGH shares performed in 2024?

SMART Global's stock was trading at $18.93 on January 1st, 2024. Since then, SGH stock has increased by 38.8% and is now trading at $26.27.
View the best growth stocks for 2024 here
.

When is SMART Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 9th 2024.
View our SGH earnings forecast
.

How can I listen to SMART Global's earnings call?

SMART Global will be holding an earnings conference call on Tuesday, April 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "539326".

How were SMART Global's earnings last quarter?

SMART Global Holdings, Inc. (NASDAQ:SGH) released its quarterly earnings results on Tuesday, January, 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. The company 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 20.15% and a negative net margin of 15.14%. The firm's quarterly revenue was down 30.0% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS.

When did SMART Global's stock split?

SMART Global shares split on the morning of Wednesday, February 2nd 2022. The 2-1 split was announced on Wednesday, February 2nd 2022. The newly created shares were issued 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.

What guidance has SMART Global issued on next quarter's earnings?

SMART Global issued an update on its second quarter 2024 earnings guidance on Tuesday, January, 9th. The company provided EPS guidance of 0.150-0.350 for the period, compared to the consensus earnings per share estimate of 0.160. The company issued revenue guidance of $260.0 million-$310.0 million, compared to the consensus revenue estimate of $275.0 million.

What is Iain MacKenzie's approval rating as SMART Global's CEO?

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.

What other stocks do shareholders of SMART Global own?

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).

When did SMART Global IPO?

SMART Global (SGH) raised $74 million in an initial public offering on Wednesday, May 24th 2017. The company issued 5,300,000 shares at $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.

Who are SMART Global's major shareholders?

SMART Global's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.19%), Vanguard Group Inc. (13.19%), Clearbridge Investments LLC (3.11%), Dimensional Fund Advisors LP (2.86%), Crosslink Capital Inc. (2.10%) and UBS Group AG (1.66%). 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
.

How do I buy shares of SMART Global?

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.

This page (NASDAQ:SGH) was last updated on 3/28/2024 by MarketBeat.com Staff

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