SMART Global Holdings, Inc. (NASDAQ:SGH) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its stake in shares of SMART Global Holdings, Inc. (NASDAQ:SGH) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,484 shares of the company’s stock after selling 1,684 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of SMART Global worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SGH. GAMMA Investing LLC grew its position in shares of SMART Global by 42.9% in the first quarter. GAMMA Investing LLC now owns 1,563 shares of the company’s stock valued at $41,000 after purchasing an additional 469 shares during the period. TFO Wealth Partners LLC boosted its stake in SMART Global by 32,469.2% in the 4th quarter. TFO Wealth Partners LLC now owns 4,234 shares of the company’s stock worth $80,000 after buying an additional 4,221 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in SMART Global in the 2nd quarter valued at about $141,000. Mutual of America Capital Management LLC acquired a new position in shares of SMART Global during the 1st quarter valued at about $235,000. Finally, ProShare Advisors LLC purchased a new position in shares of SMART Global during the 1st quarter worth about $274,000.

Insider Buying and Selling

In related news, COO Jack A. Pacheco sold 13,333 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $21.14, for a total transaction of $281,859.62. Following the completion of the sale, the chief operating officer now directly owns 211,896 shares of the company’s stock, valued at approximately $4,479,481.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Jack A. Pacheco sold 13,333 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $21.14, for a total value of $281,859.62. Following the completion of the transaction, the chief operating officer now owns 211,896 shares of the company’s stock, valued at $4,479,481.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Gates Clark sold 2,527 shares of SMART Global stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $23.67, for a total value of $59,814.09. Following the sale, the insider now owns 82,518 shares in the company, valued at $1,953,201.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,193 shares of company stock valued at $795,466. Corporate insiders own 2.30% of the company’s stock.

SMART Global Stock Performance

Shares of SGH stock opened at $19.70 on Friday. The company has a current ratio of 3.30, a quick ratio of 2.66 and a debt-to-equity ratio of 1.80. The company has a market cap of $1.04 billion, a PE ratio of -6.40 and a beta of 1.67. The company’s fifty day simple moving average is $21.00 and its 200-day simple moving average is $21.66. SMART Global Holdings, Inc. has a 52 week low of $12.66 and a 52 week high of $29.81.

SMART Global (NASDAQ:SGH) last released its quarterly earnings data on Tuesday, July 9th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. SMART Global had a positive return on equity of 8.86% and a negative net margin of 14.35%. The company had revenue of $300.58 million for the quarter, compared to analyst estimates of $300.00 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was down 12.7% compared to the same quarter last year. As a group, equities research analysts anticipate that SMART Global Holdings, Inc. will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

SGH has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of SMART Global from $30.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus boosted their price objective on shares of SMART Global from $27.50 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $35.00 target price on shares of SMART Global in a research report on Wednesday, July 3rd. Finally, Barclays boosted their price target on SMART Global from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.25.

SMART Global Profile

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.