Insider Selling: Smart Global Holdings Inc (SGH) VP Sells 2,000 Shares of Stock

Smart Global Holdings Inc (NASDAQ:SGH) VP Bruce M. Goldberg sold 2,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $25.04, for a total transaction of $50,080.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Smart Global stock traded down $0.58 during mid-day trading on Monday, reaching $21.25. The company had a trading volume of 255,848 shares, compared to its average volume of 754,003. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.39. Smart Global Holdings Inc has a 52 week low of $18.27 and a 52 week high of $51.63. The company has a market cap of $500.56 million, a PE ratio of 3.54, a price-to-earnings-growth ratio of 0.46 and a beta of 0.26.

Smart Global (NASDAQ:SGH) last issued its quarterly earnings results on Thursday, March 28th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.12). Smart Global had a net margin of 7.49% and a return on equity of 61.87%. The company had revenue of $304.10 million during the quarter, compared to the consensus estimate of $317.27 million. During the same period last year, the company earned $1.73 earnings per share. Smart Global’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Smart Global Holdings Inc will post 3.03 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of Smart Global by 29.9% in the 2nd quarter. Northern Trust Corp now owns 132,082 shares of the company’s stock valued at $4,209,000 after buying an additional 30,435 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Smart Global in the 3rd quarter valued at $536,000. American Century Companies Inc. raised its stake in shares of Smart Global by 121.3% in the 3rd quarter. American Century Companies Inc. now owns 237,724 shares of the company’s stock valued at $6,832,000 after buying an additional 130,315 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Smart Global in the 3rd quarter valued at $356,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Smart Global in the 3rd quarter valued at $226,000. 99.44% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on SGH. Zacks Investment Research downgraded shares of Smart Global from a “hold” rating to a “strong sell” rating in a report on Thursday, April 4th. Roth Capital decreased their price objective on shares of Smart Global from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 29th. BidaskClub downgraded shares of Smart Global from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Deutsche Bank decreased their price objective on shares of Smart Global from $38.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 29th. Finally, ValuEngine downgraded shares of Smart Global from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Smart Global has a consensus rating of “Hold” and a consensus target price of $40.00.

WARNING: This piece was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.baseballdailydigest.com/news/2019/04/15/smart-global-holdings-inc-sgh-vp-sells-50080-00-in-stock.html.

Smart Global Company Profile

SMART Global Holdings, Inc designs, manufactures, and supplies specialty memory solutions worldwide. The company offers dynamic random access memory (DRAM) components, which are used to manufacture modules and other products; DRAM modules for desktop, notebook, and server applications, as well as for use in smartphones; and specialty DRAM modules for industrial, communications, and networking applications, as well as develops specialized memory module designs based on original equipment manufacturer (OEM) requirements.

Further Reading: Outstanding Shares, Buying and Selling Stocks

Insider Buying and Selling 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.