SMART Global Holdings, Inc. (NASDAQ:SGH - Get Free Report) CEO Mark Adams purchased 10,000 shares of the company's stock in a transaction dated Thursday, April 11th. The shares were acquired at an average price of $18.79 per share, for a total transaction of $187,900.00. Following the purchase, the chief executive officer now directly owns 29,640 shares in the company, valued at $556,935.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
SMART Global Stock Down 1.2 %
Shares of NASDAQ SGH opened at $19.44 on Friday. The company has a current ratio of 3.30, a quick ratio of 2.11 and a debt-to-equity ratio of 1.80. The firm's fifty day moving average is $22.99 and its two-hundred day moving average is $20.05. SMART Global Holdings, Inc. has a 52-week low of $12.66 and a 52-week high of $29.99.
SMART Global (NASDAQ:SGH - Get Free Report) last released its quarterly earnings results on Tuesday, January 9th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.08. SMART Global had a negative net margin of 15.79% and a positive return on equity of 11.82%. The firm had revenue of $274.25 million during the quarter, compared to analysts' expectations of $275.00 million. During the same period in the previous year, the company earned $0.60 EPS. The firm's revenue for the quarter was down 30.0% compared to the same quarter last year. On average, analysts forecast that SMART Global Holdings, Inc. will post 0.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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SGH has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of SMART Global from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on shares of SMART Global from $26.00 to $27.50 and gave the company a "buy" rating in a research report on Wednesday.
Read Our Latest Report on SMART Global
Hedge Funds Weigh In On SMART Global
Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of SMART Global by 42.9% during the 1st quarter. GAMMA Investing LLC now owns 1,563 shares of the company's stock worth $41,000 after purchasing an additional 469 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of SMART Global by 65.4% during the third quarter. Public Employees Retirement System of Ohio now owns 1,621 shares of the company's stock worth $26,000 after acquiring an additional 641 shares during the period. Captrust Financial Advisors increased its position in shares of SMART Global by 162.9% during the first quarter. Captrust Financial Advisors now owns 2,003 shares of the company's stock worth $52,000 after acquiring an additional 1,241 shares during the period. Point72 Middle East FZE purchased a new position in shares of SMART Global during the fourth quarter worth approximately $32,000. Finally, Tower Research Capital LLC TRC increased its position in shares of SMART Global by 93.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,434 shares of the company's stock worth $55,000 after acquiring an additional 1,662 shares during the period.
About SMART Global
(
Get Free Report)
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.
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