SGH has been the topic of several other reports. Roth Capital lifted their price objective on Smart Global to $50.00 and gave the company a buy rating in a research report on Friday, December 22nd. Deutsche Bank lifted their price objective on Smart Global to $45.00 and gave the company a buy rating in a research report on Friday, December 22nd. Needham & Company LLC reaffirmed a buy rating and set a $46.00 price objective on shares of Smart Global in a research report on Thursday, January 18th. Zacks Investment Research cut Smart Global from a buy rating to a hold rating in a research report on Wednesday, February 21st. Finally, BidaskClub raised Smart Global from a buy rating to a strong-buy rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Smart Global has an average rating of Buy and an average price target of $47.69.
Smart Global (NASDAQ:SGH) traded up $4.85 during midday trading on Friday, hitting $48.92. The company had a trading volume of 2,403,091 shares, compared to its average volume of 638,386. The company has a quick ratio of 0.97, a current ratio of 1.43 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $974.22 and a PE ratio of 19.26. Smart Global has a 12 month low of $11.50 and a 12 month high of $51.19.
In other news, VP Alan Marten sold 8,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $35.72, for a total value of $310,764.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jack A. Pacheco sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $46.53, for a total value of $348,975.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,833 shares of company stock worth $4,540,321. Insiders own 6.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Smart Global in the 4th quarter worth approximately $101,000. SG Americas Securities LLC purchased a new position in Smart Global in the 3rd quarter worth approximately $103,000. Tower Research Capital LLC TRC raised its holdings in Smart Global by 2,373.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,798 shares of the company’s stock worth $162,000 after acquiring an additional 4,604 shares during the last quarter. Legal & General Group Plc purchased a new position in Smart Global in the 3rd quarter worth approximately $133,000. Finally, Acadian Asset Management LLC purchased a new position in Smart Global in the 4th quarter worth approximately $193,000. 87.00% of the stock is currently owned by hedge funds and other 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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