Bruce M. Goldberg Sells 2,500 Shares of Smart Global Holdings Inc (SGH) Stock
Smart Global Holdings Inc (NASDAQ:SGH) VP Bruce M. Goldberg sold 2,500 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $35.76, for a total value of $89,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Smart Global Holdings Inc (SGH) traded up $1.08 during trading hours on Friday, hitting $36.33. The company’s stock had a trading volume of 575,029 shares, compared to its average volume of 549,850. Smart Global Holdings Inc has a 1 year low of $11.50 and a 1 year high of $43.15. The stock has a market cap of $790.21 and a PE ratio of 66.05. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50.
Smart Global (NASDAQ:SGH) last released its quarterly earnings results on Thursday, December 21st. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $265.40 million during the quarter, compared to analysts’ expectations of $255.03 million. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. equities analysts expect that Smart Global Holdings Inc will post 4.76 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Smart Global in the 3rd quarter valued at about $103,000. Legal & General Group Plc purchased a new stake in shares of Smart Global in the 3rd quarter valued at about $133,000. Strs Ohio bought a new position in shares of Smart Global during the 3rd quarter valued at about $158,000. Macquarie Group Ltd. bought a new position in shares of Smart Global during the 3rd quarter valued at about $166,000. Finally, Nationwide Fund Advisors bought a new position in shares of Smart Global during the 3rd quarter valued at about $268,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
Smart Global Company Profile
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.
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