EAM Investors LLC Takes Position in SMART Global Holdings, Inc. (SGH)

EAM Investors LLC bought a new position in SMART Global Holdings, Inc. (NASDAQ:SGH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 82,867 shares of the company’s stock, valued at approximately $2,219,000. EAM Investors LLC owned approximately 0.38% of SMART Global Holdings at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of SMART Global Holdings during the third quarter valued at approximately $103,000. Strs Ohio acquired a new stake in shares of SMART Global Holdings during the third quarter valued at approximately $158,000. Macquarie Group Ltd. acquired a new stake in shares of SMART Global Holdings during the third quarter valued at approximately $166,000. Nationwide Fund Advisors acquired a new stake in shares of SMART Global Holdings during the third quarter valued at approximately $268,000. Finally, Stifel Financial Corp acquired a new stake in shares of SMART Global Holdings during the second quarter valued at approximately $169,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

In other SMART Global Holdings news, CFO Jack A. Pacheco sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.49, for a total value of $266,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandeep Nayyar sold 7,148 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was 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.

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

SMART Global Holdings, Inc. (SGH) opened at $40.65 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.45 and a quick ratio of 0.92. SMART Global Holdings, Inc. has a 12 month low of $11.50 and a 12 month high of $40.98.

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

SMART Global Holdings 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.

Institutional Ownership by Quarter for SMART Global Holdings (NASDAQ:SGH)

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