HighPoint Advisor Group LLC Acquires Shares of 16,203 SMART Global Holdings, Inc. (NASDAQ:SGH)

HighPoint Advisor Group LLC bought a new position in SMART Global Holdings, Inc. (NASDAQ:SGH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,203 shares of the company’s stock, valued at approximately $307,000.

A number of other large investors also recently modified their holdings of SGH. TFO Wealth Partners LLC raised its holdings in SMART Global by 32,469.2% during the 4th quarter. TFO Wealth Partners LLC now owns 4,234 shares of the company’s stock worth $80,000 after purchasing an additional 4,221 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of SMART Global during the third quarter worth approximately $226,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SMART Global by 48.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,963 shares of the company’s stock valued at $245,000 after buying an additional 4,253 shares during the period. Raymond James & Associates boosted its stake in SMART Global by 19.0% in the fourth quarter. Raymond James & Associates now owns 14,683 shares of the company’s stock valued at $278,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in SMART Global during the 3rd quarter worth $284,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SGH. Stifel Nicolaus increased their price target on SMART Global from $26.00 to $27.50 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Needham & Company LLC restated a “buy” rating and set a $27.00 target price on shares of SMART Global in a research report on Tuesday, May 7th.

SMART Global Stock Down 4.8 %

NASDAQ:SGH opened at $22.49 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.30 and a quick ratio of 2.66. The stock has a 50-day moving average price of $19.98 and a two-hundred day moving average price of $20.87. SMART Global Holdings, Inc. has a 1 year low of $12.66 and a 1 year high of $29.99.

SMART Global (NASDAQ:SGH) last issued its quarterly earnings data on Tuesday, April 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $284.82 million during the quarter, compared to analyst estimates of $285.18 million. SMART Global had a negative net margin of 15.79% and a positive return on equity of 11.82%. As a group, sell-side analysts expect that SMART Global Holdings, Inc. will post 0.59 EPS for the current year.

Insider Transactions at SMART Global

In other SMART Global news, insider Joseph Gates Clark sold 2,529 shares of SMART Global stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $17.94, for a total value of $45,370.26. Following the sale, the insider now owns 92,386 shares of the company’s stock, valued at approximately $1,657,404.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph Gates Clark sold 2,529 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $17.94, for a total transaction of $45,370.26. Following the completion of the transaction, the insider now directly owns 92,386 shares of the company’s stock, valued at approximately $1,657,404.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Adams acquired 10,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was acquired at an average cost of $18.79 per share, for a total transaction of $187,900.00. Following the transaction, the chief executive officer now owns 29,640 shares of the company’s stock, valued at $556,935.60. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

About SMART Global

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.