Smart Global Holdings Inc (NYSE:SGH)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a note issued to investors on Thursday.

A number of other brokerages also recently weighed in on SGH. Deutsche Bank AG reaffirmed a “buy” rating and issued a $25.00 target price (up previously from $20.00) on shares of Smart Global Holdings in a report on Thursday, September 14th. Roth Capital reaffirmed a “buy” rating and issued a $30.00 target price (up previously from $24.00) on shares of Smart Global Holdings in a report on Friday, September 8th. Zacks Investment Research downgraded Smart Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 target price (up previously from $21.00) on shares of Smart Global Holdings in a report on Sunday, June 25th. Finally, Needham & Company LLC began coverage on Smart Global Holdings in a report on Monday, June 19th. They issued a “strong-buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $27.67.

Smart Global Holdings (NYSE SGH) opened at 26.78 on Thursday. Smart Global Holdings has a 12 month low of $11.50 and a 12 month high of $27.08. The company has a market cap of $580.51 million and a P/E ratio of 382.57. The firm has a 50-day moving average price of $19.81 and a 200 day moving average price of $17.32.

Smart Global Holdings (NYSE:SGH) last issued its earnings results on Thursday, September 28th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.15. The firm had revenue of $223.00 million for the quarter, compared to the consensus estimate of $210.54 million. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The company’s quarterly revenue was up 52.5% on a year-over-year basis. On average, equities analysts expect that Smart Global Holdings will post $2.80 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGH. Spark Investment Management LLC acquired a new stake in shares of Smart Global Holdings during the 2nd quarter valued at $184,000. Canada Pension Plan Investment Board acquired a new stake in shares of Smart Global Holdings during the 2nd quarter valued at $10,231,000. Symphony Asset Management LLC acquired a new stake in shares of Smart Global Holdings during the 2nd quarter valued at $1,286,000. Ameriprise Financial Inc. acquired a new stake in shares of Smart Global Holdings during the 2nd quarter valued at $7,126,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Smart Global Holdings during the 2nd quarter valued at $324,000.

Smart Global Holdings 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.

Analyst Recommendations for Smart Global Holdings (NYSE:SGH)

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