Smart Global Holdings Inc (NASDAQ:SGH) major shareholder Lake Sumeru (Offshore) Silver sold 3,051,471 shares of Smart Global stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $32.10, for a total transaction of $97,952,219.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Smart Global Holdings Inc (NASDAQ SGH) traded down $0.60 during trading hours on Tuesday, reaching $29.21. 786,580 shares of the company traded hands, compared to its average volume of 281,110. Smart Global Holdings Inc has a 12 month low of $11.50 and a 12 month high of $43.15. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.45 and a quick ratio of 0.92.

Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, September 28th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.64 by $0.15. The firm had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $210.54 million. The firm’s quarterly revenue was up 52.5% compared to the same quarter last year. equities research analysts anticipate that Smart Global Holdings Inc will post 3.59 earnings per share for the current year.

Several research firms have recently weighed in on SGH. Needham & Company LLC reiterated a “strong-buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Smart Global in a research note on Thursday, November 16th. Deutsche Bank lifted their target price on shares of Smart Global from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Stifel Nicolaus lifted their target price on shares of Smart Global from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Citigroup lifted their target price on shares of Smart Global to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Finally, Roth Capital lifted their target price on shares of Smart Global from $30.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Smart Global currently has a consensus rating of “Buy” and a consensus target price of $36.06.

A number of large investors have recently modified their holdings of the stock. FMR LLC purchased a new position in Smart Global during the second quarter valued at approximately $13,569,000. Canada Pension Plan Investment Board purchased a new position in Smart Global during the second quarter valued at approximately $10,231,000. Ameriprise Financial Inc. purchased a new position in Smart Global during the second quarter valued at approximately $7,126,000. Boston Partners purchased a new position in Smart Global during the third quarter valued at approximately $6,691,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Smart Global during the third quarter valued at approximately $4,296,000. 92.18% of the stock is owned by institutional investors.

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Smart Global Company Profile

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

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