Smart Global (NASDAQ:SGH) had its price objective dropped by equities research analysts at Stifel Nicolaus from $62.00 to $50.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 106.53% from the stock’s previous close.

SGH has been the subject of a number of other reports. Zacks Investment Research cut shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Smart Global in a research note on Wednesday. ValuEngine raised shares of Smart Global from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. BidaskClub raised shares of Smart Global from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Barclays dropped their price objective on shares of Smart Global from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.50.

SGH opened at $24.21 on Wednesday. The firm has a market cap of $546.46 million, a P/E ratio of 4.04, a P/E/G ratio of 0.24 and a beta of 1.04. Smart Global has a fifty-two week low of $22.50 and a fifty-two week high of $56.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.02.

Smart Global (NASDAQ:SGH) last posted its earnings results on Tuesday, January 8th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.17). The company had revenue of $393.90 million for the quarter, compared to analysts’ expectations of $382.23 million. Smart Global had a net margin of 9.13% and a return on equity of 83.61%. The business’s revenue was up 48.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share. As a group, research analysts predict that Smart Global will post 6.61 EPS for the current year.

In related news, VP Bruce M. Goldberg sold 3,042 shares of Smart Global stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $30.20, for a total transaction of $91,868.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alan Marten sold 8,800 shares of Smart Global stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $31.79, for a total transaction of $279,752.00. The disclosure for this sale can be found here. Insiders sold a total of 282,482 shares of company stock valued at $8,813,724 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Smart Global during the 4th quarter valued at about $123,000. SG Americas Securities LLC bought a new stake in Smart Global during the 3rd quarter valued at about $130,000. USA Financial Portformulas Corp bought a new stake in Smart Global during the 3rd quarter valued at about $177,000. Paloma Partners Management Co bought a new stake in Smart Global during the 3rd quarter valued at about $211,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Smart Global in the 3rd quarter valued at about $226,000. Institutional investors own 83.06% of the company’s stock.

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.

Featured Article: Certificate of Deposit (CD)

The Fly

Analyst Recommendations for Smart Global (NASDAQ:SGH)

Receive News & Ratings for Smart Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global and related companies with MarketBeat.com's FREE daily email newsletter.