Shell Asset Management Co. Has $187,000 Stock Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

Shell Asset Management Co. decreased its stake in SMART Global Holdings, Inc. (NASDAQ:SGH – Get Rating) by 17.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,600 shares of the company’s stock after selling 2,689 shares during the period. Shell Asset Management Co.’s holdings in SMART Global were worth $187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SGH. Royce & Associates LP increased its position in SMART Global by 129.5% in the third quarter. Royce & Associates LP now owns 48,037 shares of the company’s stock worth $762,000 after buying an additional 27,108 shares during the last quarter. Exchange Traded Concepts LLC raised its position in SMART Global by 5.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 23,892 shares of the company’s stock valued at $356,000 after purchasing an additional 1,179 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in SMART Global by 6.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,601 shares of the company’s stock valued at $263,000 after purchasing an additional 1,069 shares during the last quarter. Mutual of America Capital Management LLC raised its position in SMART Global by 25.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 9,945 shares of the company’s stock valued at $158,000 after purchasing an additional 2,005 shares during the last quarter. Finally, Foundry Partners LLC raised its position in SMART Global by 10.9% during the 4th quarter. Foundry Partners LLC now owns 249,945 shares of the company’s stock valued at $3,719,000 after purchasing an additional 24,585 shares during the last quarter.

Insider Activity at SMART Global

In other news, SVP Thierry Pellegrino sold 2,764 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $15.98, for a total transaction of $44,168.72. Following the sale, the senior vice president now directly owns 74,951 shares of the company’s stock, valued at approximately $1,197,716.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

SMART Global Stock Up 0.2 %

SMART Global stock opened at $16.16 on Thursday. The business has a fifty day moving average of $16.10 and a two-hundred day moving average of $16.24. The company has a quick ratio of 1.63, a current ratio of 2.33 and a debt-to-equity ratio of 2.38. The firm has a market cap of $792.97 million, a P/E ratio of 41.44 and a beta of 1.43. SMART Global Holdings, Inc. has a twelve month low of $12.04 and a twelve month high of $25.40.

Wall Street Analyst Weigh In

SGH has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on SMART Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. Rosenblatt Securities reissued a “buy” rating and issued a $35.00 target price on shares of SMART Global in a report on Wednesday, April 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of SMART Global in a report on Wednesday, April 5th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.40.

SMART Global Profile

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SMART Global Holdings, Inc designs and manufactures specialty solutions for the computing, memory, and LED markets. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions.