A number of other equities analysts also recently issued reports on the stock. TheStreet downgraded shares of UDR from a b rating to a c rating in a report on Tuesday, April 30th. Needham & Company LLC upgraded shares of Smart Global from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Friday, June 28th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research report on Wednesday, May 29th. Finally, Roth Capital reduced their price objective on shares of Smart Global from $40.00 to $30.00 and set a buy rating on the stock in a research report on Friday, March 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Smart Global presently has an average rating of Buy and a consensus price target of $37.00.
NASDAQ SGH traded down $0.16 during trading on Friday, hitting $31.09. The company had a trading volume of 324,199 shares, compared to its average volume of 652,897. The stock has a fifty day simple moving average of $22.46. The company has a current ratio of 2.24, a quick ratio of 1.66 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $717.59 million, a P/E ratio of 5.18, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. Smart Global has a one year low of $16.94 and a one year high of $35.10.
In other news, VP Bruce M. Goldberg sold 2,381 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $18.39, for a total transaction of $43,786.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bruce M. Goldberg sold 2,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $22.13, for a total transaction of $44,260.00. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in SGH. Rhumbline Advisers raised its holdings in Smart Global by 265.6% in the fourth quarter. Rhumbline Advisers now owns 30,692 shares of the company’s stock worth $912,000 after purchasing an additional 22,296 shares in the last quarter. Yorktown Management & Research Co Inc raised its holdings in Smart Global by 7.6% in the first quarter. Yorktown Management & Research Co Inc now owns 18,050 shares of the company’s stock worth $347,000 after purchasing an additional 1,276 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Smart Global by 116.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,232 shares of the company’s stock worth $66,000 after purchasing an additional 1,202 shares in the last quarter. United Services Automobile Association raised its holdings in Smart Global by 8.5% in the fourth quarter. United Services Automobile Association now owns 24,469 shares of the company’s stock worth $727,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Park West Asset Management LLC bought a new position in Smart Global in the fourth quarter worth about $59,400,000. 97.15% of the stock is owned by institutional investors.
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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