Swiss National Bank Invests $741,000 in Smart Global Holdings Inc (NASDAQ:SGH) Stock

Swiss National Bank purchased a new position in Smart Global Holdings Inc (NASDAQ:SGH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,000 shares of the company’s stock, valued at approximately $741,000. Swiss National Bank owned 0.10% of Smart Global as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners bought a new position in Smart Global during the third quarter worth $6,691,000. Fuller & Thaler Asset Management Inc. bought a new position in Smart Global during the third quarter worth $4,296,000. EAM Investors LLC bought a new position in Smart Global during the third quarter worth $2,219,000. JPMorgan Chase & Co. bought a new position in Smart Global during the third quarter worth $1,729,000. Finally, Alambic Investment Management L.P. increased its position in Smart Global by 57.5% in the fourth quarter. Alambic Investment Management L.P. now owns 68,384 shares of the company’s stock worth $2,305,000 after buying an additional 24,969 shares during the period. Hedge funds and other institutional investors own 87.05% of the company’s stock.

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In other Smart Global news, SVP Kiwan Kim sold 46,738 shares of Smart Global stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $49.31, for a total value of $2,304,650.78. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lake Sumeru (Offshore) Silver sold 2,000,000 shares of Smart Global stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $45.20, for a total value of $90,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,114,236 shares of company stock valued at $95,273,590 over the last ninety days. Company insiders own 6.90% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Smart Global from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, March 28th. Barclays increased their target price on Smart Global from $40.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, March 23rd. Needham & Company LLC raised their price target on Smart Global from $46.00 to $75.00 and gave the company a “buy” rating in a report on Friday, March 23rd. Stifel Nicolaus raised their price target on Smart Global from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, March 23rd. Finally, Deutsche Bank raised their price target on Smart Global from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 19th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $51.19.

Shares of NASDAQ:SGH traded down $2.64 during midday trading on Friday, reaching $43.58. The company had a trading volume of 1,083,362 shares, compared to its average volume of 1,239,447. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.97. Smart Global Holdings Inc has a 1-year low of $11.50 and a 1-year high of $56.69. The firm has a market capitalization of $1,021.75 and a price-to-earnings ratio of 21.36.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Thursday, March 22nd. The company reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.40. Smart Global had a return on equity of 100.66% and a net margin of 5.50%. The firm had revenue of $314.00 million during the quarter, compared to analyst estimates of $290.06 million. The firm’s revenue was up 82.6% compared to the same quarter last year. equities analysts predict that Smart Global Holdings Inc will post 5.94 earnings per share for the current year.

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Smart Global 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 (NASDAQ:SGH)

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