Iain Mackenzie Sells 10,000 Shares of Smart Global Holdings Inc (NASDAQ:SGH) Stock

Smart Global Holdings Inc (NASDAQ:SGH) Director Iain Mackenzie sold 10,000 shares of Smart Global stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $21.31, for a total value of $213,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Iain Mackenzie also recently made the following trade(s):

  • On Friday, March 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The shares were sold at an average price of $23.95, for a total value of $239,500.00.
  • On Friday, February 15th, Iain Mackenzie sold 10,000 shares of Smart Global stock. The shares were sold at an average price of $28.78, for a total value of $287,800.00.

Smart Global stock traded down $0.06 during trading hours on Friday, reaching $20.53. The stock had a trading volume of 239,400 shares, compared to its average volume of 653,156. The company has a market capitalization of $472.07 million, a PE ratio of 3.36, a P/E/G ratio of 0.49 and a beta of 0.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.39 and a current ratio of 1.92. Smart Global Holdings Inc has a 52 week low of $18.27 and a 52 week high of $51.63.

Smart Global (NASDAQ:SGH) last announced its earnings results on Thursday, March 28th. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.12). The firm had revenue of $304.10 million during the quarter, compared to the consensus estimate of $317.27 million. Smart Global had a return on equity of 61.87% and a net margin of 7.49%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.73 earnings per share. On average, equities analysts predict that Smart Global Holdings Inc will post 3.03 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Factorial Partners LLC purchased a new stake in Smart Global in the 1st quarter worth approximately $743,000. NumerixS Investment Technologies Inc boosted its position in Smart Global by 268.6% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,372 shares of the company’s stock worth $176,000 after purchasing an additional 5,372 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Smart Global by 58.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 849,508 shares of the company’s stock worth $16,314,000 after purchasing an additional 314,107 shares in the last quarter. Globeflex Capital L P boosted its position in Smart Global by 4.6% in the 1st quarter. Globeflex Capital L P now owns 52,768 shares of the company’s stock worth $1,013,000 after purchasing an additional 2,321 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Smart Global by 76.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 154,955 shares of the company’s stock worth $2,975,000 after purchasing an additional 67,230 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

SGH has been the subject of several recent research reports. Barclays restated a “buy” rating and issued a $38.00 price objective on shares of Smart Global in a report on Thursday, January 10th. Roth Capital decreased their price objective on Smart Global from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 29th. Deutsche Bank decreased their price objective on Smart Global from $38.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 29th. BidaskClub upgraded Smart Global from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, TheStreet downgraded shares of Smart Global from a “c-” rating to a “d+” rating in a report on Tuesday, April 30th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

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About Smart Global

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.

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Insider Buying and Selling by Quarter for Smart Global (NASDAQ:SGH)

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