News articles about Smart Global (NASDAQ:SGH) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Smart Global earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.3351778175966 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Smart Global traded down $1.10, reaching $31.95, during trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 545,387 shares, compared to its average volume of 928,339. The company has a current ratio of 1.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.82. Smart Global has a 12 month low of $14.81 and a 12 month high of $56.69. The company has a market cap of $737.26 million, a price-to-earnings ratio of 15.66, a PEG ratio of 0.37 and a beta of -0.28.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Thursday, June 21st. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.07. The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $331.47 million. Smart Global had a net margin of 6.99% and a return on equity of 94.82%. The firm’s quarterly revenue was up 62.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. equities analysts forecast that Smart Global will post 5.89 EPS for the current year.

A number of brokerages recently commented on SGH. ValuEngine raised shares of Smart Global from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Stifel Nicolaus increased their price target on shares of Smart Global from $47.00 to $56.00 and gave the company a “buy” rating in a report on Friday, March 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Smart Global in a report on Tuesday, June 12th. Zacks Investment Research raised shares of Smart Global from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Saturday, June 23rd. Finally, Barclays increased their price target on shares of Smart Global from $40.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, March 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Smart Global presently has a consensus rating of “Buy” and a consensus target price of $51.19.

In other Smart Global news, SVP Kiwan Kim sold 13,333 shares of the firm’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $40.14, for a total value of $535,186.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bruce M. Goldberg sold 2,785 shares of the firm’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $39.68, for a total transaction of $110,508.80. The disclosure for this sale can be found here. In the last three months, insiders sold 103,254 shares of company stock valued at $4,225,088. 6.90% of the stock is owned by insiders.

Smart Global Company Profile

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.

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

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