SMART Global (SGH) Scheduled to Post Quarterly Earnings on Tuesday

SMART Global (NASDAQ:SGH) will be releasing its earnings data after the market closes on Tuesday, October 15th. Analysts expect SMART Global to post earnings of $0.40 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SMART Global Price Performance

NASDAQ:SGH opened at $20.76 on Monday. The stock has a 50 day moving average price of $19.96 and a 200 day moving average price of $21.23. The stock has a market cap of $1.10 billion, a PE ratio of -6.74 and a beta of 1.67. SMART Global has a one year low of $12.66 and a one year high of $29.81. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.66 and a current ratio of 3.30.

Analyst Upgrades and Downgrades

SGH has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on SMART Global from $27.50 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Needham & Company LLC upped their price objective on SMART Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays boosted their target price on SMART Global from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $35.00 target price on shares of SMART Global in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $32.25.

Insider Buying and Selling at SMART Global

In other SMART Global news, insider Joseph Gates Clark sold 2,527 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $23.67, for a total transaction of $59,814.09. Following the sale, the insider now owns 82,518 shares in the company, valued at approximately $1,953,201.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other SMART Global news, insider Joseph Gates Clark sold 2,527 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $23.67, for a total transaction of $59,814.09. Following the transaction, the insider now owns 82,518 shares of the company’s stock, valued at $1,953,201.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jack A. Pacheco sold 13,333 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $23.16, for a total value of $308,792.28. Following the transaction, the chief operating officer now directly owns 211,896 shares in the company, valued at approximately $4,907,511.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,527 shares of company stock worth $917,413. 2.40% of the stock is owned by insiders.

SMART Global Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.