SMART Global Holdings, Inc. (NASDAQ:SGH) Director Sandeep Nayyar sold 7,148 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $35.20, for a total value of $251,609.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

SMART Global Holdings, Inc. (SGH) traded up $4.12 on Thursday, hitting $40.65. The stock had a trading volume of 531,000 shares, compared to its average volume of 225,245. SMART Global Holdings, Inc. has a 12 month low of $11.50 and a 12 month high of $40.98. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 1.87.

SMART Global Holdings (NASDAQ:SGH) last released its earnings results on Thursday, September 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.15. The company had revenue of $223.00 million for the quarter, compared to analyst estimates of $210.54 million. SMART Global Holdings’s quarterly revenue was up 52.5% on a year-over-year basis. equities analysts forecast that SMART Global Holdings, Inc. will post 3.59 earnings per share for the current year.

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Several research analysts have weighed in on SGH shares. Roth Capital increased their price objective on SMART Global Holdings from $30.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Deutsche Bank AG reissued a “buy” rating and set a $35.00 target price on shares of SMART Global Holdings in a report on Tuesday, November 7th. Needham & Company LLC increased their target price on SMART Global Holdings from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered SMART Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $32.00 target price (up from $27.00) on shares of SMART Global Holdings in a report on Thursday, September 28th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $36.06.

A number of large investors have recently added to or reduced their stakes in SGH. Cubist Systematic Strategies LLC bought a new position in SMART Global Holdings in the third quarter valued at about $379,000. California State Teachers Retirement System bought a new stake in SMART Global Holdings in the third quarter worth approximately $868,000. OxFORD Asset Management LLP bought a new stake in SMART Global Holdings in the third quarter worth approximately $304,000. Schwab Charles Investment Management Inc. bought a new stake in SMART Global Holdings in the third quarter worth approximately $919,000. Finally, Citadel Advisors LLC bought a new stake in SMART Global Holdings in the third quarter worth approximately $573,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

About SMART Global Holdings

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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