Shares of Smart Global Holdings Inc (NASDAQ:SGH) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.67.

A number of equities research analysts recently issued reports on SGH shares. Zacks Investment Research downgraded shares of Smart Global from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Rosenblatt Securities initiated coverage on shares of Smart Global in a research report on Friday, June 5th. They set a “buy” rating and a $45.00 price objective on the stock. Deutsche Bank cut their price objective on shares of Smart Global from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. BidaskClub cut shares of Smart Global from a “buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Needham & Company LLC initiated coverage on shares of Smart Global in a research report on Monday, May 18th. They set a “buy” rating and a $35.00 price objective on the stock.

Shares of SGH stock traded up $0.35 during mid-day trading on Tuesday, hitting $25.30. The company had a trading volume of 91,100 shares, compared to its average volume of 282,300. The company has a market capitalization of $606.95 million, a P/E ratio of -316.21 and a beta of 1.09. The stock’s 50 day moving average price is $26.50 and its 200-day moving average price is $28.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.98 and a quick ratio of 1.40. Smart Global has a 52-week low of $16.42 and a 52-week high of $39.08.

Smart Global (NASDAQ:SGH) last released its quarterly earnings results on Tuesday, April 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $272.00 million for the quarter, compared to the consensus estimate of $268.71 million. Smart Global had a negative net margin of 0.18% and a positive return on equity of 10.07%. Smart Global’s revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, equities research analysts expect that Smart Global will post 1.67 earnings per share for the current year.

In related news, CFO Jack A. Pacheco sold 11,250 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $30.00, for a total value of $337,500.00. Following the completion of the sale, the chief financial officer now directly owns 96,458 shares of the company’s stock, valued at $2,893,740. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in shares of Smart Global by 1.5% during the first quarter. Legal & General Group Plc now owns 33,117 shares of the company’s stock valued at $804,000 after buying an additional 482 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Smart Global by 5.3% during the first quarter. Thrivent Financial for Lutherans now owns 11,026 shares of the company’s stock valued at $268,000 after buying an additional 550 shares during the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Smart Global by 60.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the company’s stock valued at $61,000 after buying an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Smart Global by 11.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,457 shares of the company’s stock valued at $157,000 after buying an additional 638 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Smart Global by 68.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,796 shares of the company’s stock valued at $43,000 after buying an additional 732 shares during the last quarter. 93.00% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Smart Global (NASDAQ:SGH)

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