Smart Global Holdings Inc (NYSE:SGH)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank AG in a report released on Thursday. They presently have a $25.00 price objective on the stock, up from their previous price objective of $20.00. Deutsche Bank AG’s price objective would indicate a potential upside of 6.38% from the company’s current price.

SGH has been the topic of a number of other reports. Jefferies Group LLC initiated coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They issued a “buy” rating and a $21.00 price target on the stock. Zacks Investment Research cut shares of Smart Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Roth Capital restated a “buy” rating and issued a $30.00 price target (up from $24.00) on shares of Smart Global Holdings in a report on Friday, September 8th. Needham & Company LLC initiated coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They issued a “strong-buy” rating and a $20.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Smart Global Holdings in a report on Monday, June 19th. They issued a “buy” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Smart Global Holdings currently has a consensus rating of “Buy” and a consensus price target of $24.00.

Shares of Smart Global Holdings (NYSE SGH) traded down 2.09% during midday trading on Thursday, hitting $23.01. 383,459 shares of the stock were exchanged. The firm has a 50 day moving average of $19.18 and a 200-day moving average of $17.00. Smart Global Holdings has a 12 month low of $11.50 and a 12 month high of $24.01. The stock has a market cap of $498.79 million and a P/E ratio of 328.71.

Smart Global Holdings (NYSE:SGH) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The company had revenue of $206.97 million during the quarter, compared to the consensus estimate of $202.87 million. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The business’s revenue was up 38.3% compared to the same quarter last year. Equities research analysts anticipate that Smart Global Holdings will post $1.63 EPS for the current year.

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A number of institutional investors have recently modified their holdings of SGH. Spark Investment Management LLC bought a new position in Smart Global Holdings during the 2nd quarter worth about $184,000. Canada Pension Plan Investment Board bought a new position in Smart Global Holdings during the 2nd quarter worth about $10,231,000. Symphony Asset Management LLC bought a new position in Smart Global Holdings during the 2nd quarter worth about $1,286,000. Ameriprise Financial Inc. bought a new position in Smart Global Holdings during the 2nd quarter worth about $7,126,000. Finally, Laurion Capital Management LP bought a new position in Smart Global Holdings during the 2nd quarter worth about $324,000.

About Smart Global Holdings

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

Analyst Recommendations for Smart Global Holdings (NYSE:SGH)

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