Kiwan Kim Sells 52,835 Shares of Smart Global Holdings Inc (NASDAQ:SGH) Stock

Smart Global Holdings Inc (NASDAQ:SGH) SVP Kiwan Kim sold 52,835 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $35.62, for a total value of $1,881,982.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Smart Global Holdings Inc (NASDAQ:SGH) traded up $0.08 during trading hours on Friday, reaching $34.63. 328,149 shares of the company’s stock traded hands, compared to its average volume of 468,650. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.97 and a current ratio of 1.43. Smart Global Holdings Inc has a 52 week low of $11.50 and a 52 week high of $43.15. The firm has a market cap of $753.23 and a P/E ratio of 62.96.

Smart Global (NASDAQ:SGH) last announced its earnings results on Thursday, December 21st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $265.40 million for the quarter, compared to analyst estimates of $255.03 million. Smart Global’s quarterly revenue was up 66.6% on a year-over-year basis. analysts expect that Smart Global Holdings Inc will post 4.76 EPS for the current year.

A number of large investors have recently made changes to their positions in SGH. SG Americas Securities LLC acquired a new position in shares of Smart Global in the third quarter worth $103,000. Legal & General Group Plc acquired a new position in shares of Smart Global in the third quarter worth $133,000. Strs Ohio acquired a new position in shares of Smart Global in the third quarter worth $158,000. Macquarie Group Ltd. acquired a new position in shares of Smart Global in the third quarter worth $166,000. Finally, Stifel Financial Corp acquired a new position in shares of Smart Global in the second quarter worth $169,000. 91.84% of the stock is currently owned by institutional investors.

SGH has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Smart Global from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Roth Capital increased their price objective on Smart Global from $30.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Barclays increased their price objective on Smart Global from $19.00 to $28.00 and gave the company a “positive” rating in a research report on Friday, September 29th. Deutsche Bank increased their price objective on Smart Global to $45.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Smart Global from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research report on Thursday, October 5th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Smart Global currently has a consensus rating of “Buy” and a consensus target price of $39.19.

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Smart Global 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.

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

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