Insider Selling: Smart Global Holdings Inc (SGH) Insider Sells 8,800 Shares of Stock

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Smart Global Holdings Inc (NASDAQ:SGH) insider Alan Marten sold 8,800 shares of Smart Global stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $29.70, for a total transaction of $261,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alan Marten also recently made the following trade(s):

  • On Wednesday, August 15th, Alan Marten sold 8,800 shares of Smart Global stock. The shares were sold at an average price of $29.15, for a total transaction of $256,520.00.
  • On Monday, July 16th, Alan Marten sold 8,000 shares of Smart Global stock. The shares were sold at an average price of $31.31, for a total transaction of $250,480.00.

NASDAQ:SGH traded up $2.47 during mid-day trading on Friday, hitting $32.72. 1,233,322 shares of the company’s stock were exchanged, compared to its average volume of 748,110. Smart Global Holdings Inc has a one year low of $26.26 and a one year high of $56.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.61 and a quick ratio of 1.13. The firm has a market capitalization of $641.12 million, a P/E ratio of 16.04 and a beta of -0.39.

Smart Global (NASDAQ:SGH) last posted its quarterly earnings data on Thursday, October 4th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.66 by $0.06. The business had revenue of $373.97 million for the quarter, compared to analyst estimates of $368.51 million. Smart Global had a net margin of 6.99% and a return on equity of 94.82%. Smart Global’s quarterly revenue was up 67.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that Smart Global Holdings Inc will post 5.89 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on SGH shares. BidaskClub lowered shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Stifel Nicolaus lifted their target price on shares of Smart Global from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. ValuEngine lowered shares of Smart Global from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered shares of Smart Global from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, Roth Capital dropped their price objective on shares of Smart Global from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.71.

Several hedge funds and other institutional investors have recently modified their holdings of SGH. JPMorgan Chase & Co. lifted its stake in shares of Smart Global by 208.4% in the first quarter. JPMorgan Chase & Co. now owns 507,638 shares of the company’s stock worth $25,301,000 after buying an additional 343,038 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Smart Global by 38.7% in the first quarter. BlackRock Inc. now owns 554,481 shares of the company’s stock worth $27,635,000 after buying an additional 154,757 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Smart Global in the first quarter worth approximately $6,578,000. Hillcrest Asset Management LLC bought a new position in shares of Smart Global in the second quarter worth approximately $3,624,000. Finally, American Century Companies Inc. bought a new position in shares of Smart Global in the second quarter worth approximately $3,423,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

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.

Further Reading: Stock Symbols and CUSIP Explained

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

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