California State Teachers Retirement System Sells 22,632 Shares of Smart Global Holdings Inc (SGH)

California State Teachers Retirement System decreased its holdings in shares of Smart Global Holdings Inc (NASDAQ:SGH) by 69.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,786 shares of the company’s stock after selling 22,632 shares during the period. California State Teachers Retirement System’s holdings in Smart Global were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nationwide Fund Advisors acquired a new stake in Smart Global in the third quarter valued at about $268,000. Rhumbline Advisers acquired a new stake in Smart Global in the third quarter valued at about $387,000. Bank of New York Mellon Corp acquired a new stake in Smart Global in the third quarter valued at about $1,544,000. SG Americas Securities LLC acquired a new stake in Smart Global in the third quarter valued at about $103,000. Finally, Macquarie Group Ltd. acquired a new stake in Smart Global in the third quarter valued at about $166,000. Institutional investors and hedge funds own 87.05% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of Smart Global stock opened at $43.58 on Monday. Smart Global Holdings Inc has a 12-month low of $11.50 and a 12-month high of $56.69. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.62 and a quick ratio of 1.08. The stock has a market capitalization of $963.38 and a price-to-earnings ratio of 21.36.

Smart Global (NASDAQ:SGH) last issued its earnings results on Thursday, March 22nd. The company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.40. Smart Global had a net margin of 5.50% and a return on equity of 100.66%. The company had revenue of $314.00 million during the quarter, compared to analysts’ expectations of $290.06 million. Smart Global’s revenue for the quarter was up 82.6% on a year-over-year basis. sell-side analysts predict that Smart Global Holdings Inc will post 5.94 earnings per share for the current year.

In other news, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $45.20, for a total transaction of $90,400,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jack A. Pacheco sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $33.40, for a total transaction of $250,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,114,236 shares of company stock valued at $95,273,590. 6.90% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on SGH shares. Needham & Company LLC raised their price objective on shares of Smart Global from $46.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, March 23rd. Zacks Investment Research upgraded shares of Smart Global from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, March 28th. Stifel Nicolaus restated a “buy” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Smart Global in a research report on Friday, December 22nd. Roth Capital raised their price objective on shares of Smart Global to $50.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Deutsche Bank raised their price objective on shares of Smart Global from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, March 19th. One 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. Smart Global currently has a consensus rating of “Buy” and an average target price of $51.19.

TRADEMARK VIOLATION WARNING: “California State Teachers Retirement System Sells 22,632 Shares of Smart Global Holdings Inc (SGH)” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3342538/california-state-teachers-retirement-system-sells-22632-shares-of-smart-global-holdings-inc-sgh.html.

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.

Institutional Ownership by Quarter 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.

Latest News

Virco Manufacturing  Getting Somewhat Favorable News Coverage, Report Finds
Virco Manufacturing Getting Somewhat Favorable News Coverage, Report Finds
Favorable Press Coverage Somewhat Unlikely to Affect Fuling Global  Share Price
Favorable Press Coverage Somewhat Unlikely to Affect Fuling Global Share Price
Head to Head Review: Southern Missouri Bancorp  and Home Bancorp
Head to Head Review: Southern Missouri Bancorp and Home Bancorp
Analyzing Yandex  and Its Competitors
Analyzing Yandex and Its Competitors
J.Jill  versus Cherokee  Head to Head Review
J.Jill versus Cherokee Head to Head Review
Insights Network Price Up 46.1% This Week
Insights Network Price Up 46.1% This Week


Leave a Reply

© 2006-2018 Ticker Report. Google+.