Smart Global Holdings Inc (NASDAQ:SGH) CEO Iain Mackenzie sold 132,045 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $32.10, for a total transaction of $4,238,644.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Smart Global Holdings Inc (NASDAQ SGH) traded up $0.37 on Friday, reaching $29.65. 569,788 shares of the company’s stock were exchanged, compared to its average volume of 297,580. Smart Global Holdings Inc has a 12 month low of $11.50 and a 12 month high of $43.15. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.87.
Smart Global (NASDAQ:SGH) last posted its quarterly earnings results on Thursday, September 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.15. The business had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $210.54 million. Smart Global’s revenue was up 52.5% on a year-over-year basis. analysts expect that Smart Global Holdings Inc will post 3.59 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC acquired a new stake in shares of Smart Global during the 2nd quarter worth approximately $13,569,000. Canada Pension Plan Investment Board acquired a new stake in shares of Smart Global during the 2nd quarter worth approximately $10,231,000. Ameriprise Financial Inc. acquired a new stake in shares of Smart Global during the 2nd quarter worth approximately $7,126,000. Boston Partners acquired a new stake in shares of Smart Global during the 3rd quarter worth approximately $6,691,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Smart Global during the 3rd quarter worth approximately $4,296,000. 92.18% of the stock is owned by institutional investors.
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About Smart Global
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.
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