News coverage about Smart Global (NASDAQ:SGH) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Smart Global earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.1625399590252 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Smart Global Holdings Inc (SGH) Major Shareholder Sells $90,400,000.00 in Stock (americanbankingnews.com)
- Smart Global’s Chart Looks Brilliant (realmoneypro.thestreet.com)
- SMART Global Holdings, Inc. (SGH) 2M Share Offering by Holder Said to Price at $46.50/Share – Bloomberg (streetinsider.com)
- Surging Earnings Estimates Signal Good News for SMART Global (SGH) (zacks.com)
- Citigroup Increases Smart Global (SGH) Price Target to $35.00 (americanbankingnews.com)
Several brokerages have issued reports on SGH. Roth Capital raised their price objective on shares of Smart Global to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Needham & Company LLC lifted their price target on shares of Smart Global from $43.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. Deutsche Bank lifted their price target on shares of Smart Global to $45.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus lifted their price target on shares of Smart Global from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Saturday, December 30th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $51.19.
Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, March 22nd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.40. The company had revenue of $314.00 million during the quarter, compared to the consensus estimate of $290.06 million. Smart Global had a net margin of 5.50% and a return on equity of 100.66%. The business’s revenue for the quarter was up 82.6% compared to the same quarter last year. sell-side analysts predict that Smart Global will post 5.94 EPS for the current fiscal year.
In other Smart Global news, SVP Kiwan Kim sold 46,738 shares of Smart Global stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $49.31, for a total value of $2,304,650.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of Smart Global stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $45.20, for a total transaction of $90,400,000.00. The disclosure for this sale can be found here. Insiders sold 2,114,236 shares of company stock valued at $95,273,590 in the last three months. 6.90% of the stock is currently owned by insiders.
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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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