Brown Advisory Inc. Acquires New Stake in Smart Global Holdings Inc (SGH)

Brown Advisory Inc. acquired a new position in Smart Global Holdings Inc (NASDAQ:SGH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 437,870 shares of the company’s stock, valued at approximately $13,005,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Smart Global by 33.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,667,132 shares of the company’s stock worth $47,913,000 after purchasing an additional 417,170 shares during the last quarter. Vanguard Group Inc raised its position in shares of Smart Global by 33.4% during the 3rd quarter. Vanguard Group Inc now owns 1,667,132 shares of the company’s stock worth $47,913,000 after purchasing an additional 417,170 shares during the last quarter. BlackRock Inc. raised its position in shares of Smart Global by 137.4% during the 4th quarter. BlackRock Inc. now owns 1,661,267 shares of the company’s stock worth $49,339,000 after purchasing an additional 961,590 shares during the last quarter. Boston Partners raised its position in shares of Smart Global by 73.3% during the 4th quarter. Boston Partners now owns 630,483 shares of the company’s stock worth $18,725,000 after purchasing an additional 266,631 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Smart Global by 120.2% during the 3rd quarter. Prudential Financial Inc. now owns 617,031 shares of the company’s stock worth $17,733,000 after purchasing an additional 336,814 shares during the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

In related news, VP Bruce M. Goldberg sold 1,957 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $30.71, for a total transaction of $60,099.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan Marten sold 8,800 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $28.99, for a total transaction of $255,112.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,874 shares of company stock valued at $1,436,177. 4.20% of the stock is owned by corporate insiders.

Shares of NASDAQ SGH opened at $23.09 on Friday. Smart Global Holdings Inc has a 12-month low of $21.04 and a 12-month high of $56.69. The stock has a market cap of $537.77 million, a P/E ratio of 3.85, a price-to-earnings-growth ratio of 0.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.87 and a quick ratio of 1.30.

Smart Global (NASDAQ:SGH) last announced its quarterly earnings data on Tuesday, January 8th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.17). Smart Global had a net margin of 9.13% and a return on equity of 83.61%. The business had revenue of $393.90 million for the quarter, compared to analysts’ expectations of $382.23 million. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue was up 48.4% on a year-over-year basis. As a group, equities analysts forecast that Smart Global Holdings Inc will post 4.46 earnings per share for the current year.

Several research firms recently weighed in on SGH. Roth Capital reduced their price target on shares of Smart Global from $60.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of Smart Global from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Smart Global from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Smart Global in a research report on Wednesday, January 16th. Finally, ValuEngine downgraded shares of Smart Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.50.

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About Smart Global

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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Institutional Ownership by Quarter for Smart Global (NASDAQ:SGH)

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