SMART Global Holdings, Inc. (NASDAQ:SGH) had its price target hoisted by Deutsche Bank AG from $35.00 to $38.00 in a research report released on Thursday. Deutsche Bank AG currently has a buy rating on the stock.
SGH has been the topic of several other research reports. Zacks Investment Research downgraded SMART Global Holdings from a buy rating to a hold rating in a report on Tuesday, August 22nd. Roth Capital reaffirmed a buy rating and set a $30.00 target price (up from $24.00) on shares of SMART Global Holdings in a research report on Friday, September 8th. Needham & Company LLC raised their target price on SMART Global Holdings from $33.00 to $40.00 and gave the stock a strong-buy rating in a research report on Wednesday, October 11th. Citigroup Inc. raised their target price on SMART Global Holdings to $35.00 and gave the stock a buy rating in a research report on Tuesday, November 7th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $32.00 target price (up from $27.00) on shares of SMART Global Holdings in a research report on Thursday, September 28th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $36.06.
Shares of SMART Global Holdings (SGH) opened at $36.41 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.45. SMART Global Holdings has a twelve month low of $11.50 and a twelve month high of $38.24.
A number of large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in SMART Global Holdings during the 3rd quarter worth $379,000. California State Teachers Retirement System bought a new position in SMART Global Holdings during the 3rd quarter worth $868,000. OxFORD Asset Management LLP bought a new position in shares of SMART Global Holdings in the 3rd quarter worth about $304,000. Schwab Charles Investment Management Inc. bought a new position in shares of SMART Global Holdings in the 3rd quarter worth about $919,000. Finally, Citadel Advisors LLC bought a new position in shares of SMART Global Holdings in the 3rd quarter worth about $573,000. 27.39% of the stock is owned by institutional investors and hedge funds.
SMART Global Holdings 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.
Receive News & Ratings for SMART Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SMART Global Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.