Smart Global (NASDAQ:SGH) had its price target lifted by research analysts at Stifel Nicolaus from $40.00 to $47.00 in a research note issued on Saturday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 39.47% from the stock’s current price.

SGH has been the subject of several other research reports. Zacks Investment Research raised shares of Smart Global from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Thursday, October 5th. Roth Capital lifted their target price on shares of Smart Global to $50.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Deutsche Bank reaffirmed a “buy” rating and set a $35.00 target price on shares of Smart Global in a report on Tuesday, November 7th. Needham & Company LLC lifted their target price on shares of Smart Global from $33.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 11th. Finally, Citigroup lifted their target price on shares of Smart Global to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.19.

Smart Global (NASDAQ:SGH) opened at $33.70 on Friday. Smart Global has a 12-month low of $11.50 and a 12-month high of $43.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.43 and a quick ratio of 0.92.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Thursday, December 21st. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $265.40 million during the quarter, compared to the consensus estimate of $255.03 million. Smart Global’s revenue was up 66.6% on a year-over-year basis. research analysts expect that Smart Global will post 4.76 EPS for the current fiscal year.

In other news, CEO Iain Mackenzie sold 132,045 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $32.10, for a total value of $4,238,644.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandeep Nayyar sold 7,148 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $35.20, for a total transaction of $251,609.60. The disclosure for this sale can be found here. Insiders sold a total of 3,264,122 shares of company stock valued at $104,818,100 in the last quarter. Corporate insiders own 6.90% of the company’s stock.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Smart Global in the 3rd quarter valued at approximately $103,000. Legal & General Group Plc acquired a new position in shares of Smart Global in the 3rd quarter valued at approximately $133,000. Strs Ohio acquired a new position in shares of Smart Global in the 3rd quarter valued at approximately $158,000. Macquarie Group Ltd. acquired a new position in shares of Smart Global in the 3rd quarter valued at approximately $166,000. Finally, Nationwide Fund Advisors acquired a new position in shares of Smart Global in the 3rd quarter valued at approximately $268,000. Institutional investors own 91.84% of the company’s stock.

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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.

Analyst Recommendations for Smart Global (NASDAQ:SGH)

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