Barclays PLC Purchases 39,264 Shares of SMART Global Holdings, Inc. (NASDAQ:SGH)

Barclays PLC raised its holdings in shares of SMART Global Holdings, Inc. (NASDAQ:SGHFree Report) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,639 shares of the company’s stock after acquiring an additional 39,264 shares during the period. Barclays PLC owned about 0.52% of SMART Global worth $6,516,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SGH. Arizona State Retirement System boosted its holdings in SMART Global by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 13,783 shares of the company’s stock valued at $400,000 after acquiring an additional 399 shares during the period. California State Teachers Retirement System boosted its stake in shares of SMART Global by 1.1% during the second quarter. California State Teachers Retirement System now owns 59,263 shares of the company’s stock valued at $1,719,000 after purchasing an additional 627 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of SMART Global by 65.4% in the third quarter. Public Employees Retirement System of Ohio now owns 1,621 shares of the company’s stock worth $26,000 after purchasing an additional 641 shares during the last quarter. Sei Investments Co. increased its stake in shares of SMART Global by 0.5% in the fourth quarter. Sei Investments Co. now owns 165,447 shares of the company’s stock worth $2,462,000 after buying an additional 771 shares during the period. Finally, Captrust Financial Advisors raised its holdings in SMART Global by 42.2% during the 2nd quarter. Captrust Financial Advisors now owns 2,849 shares of the company’s stock valued at $47,000 after buying an additional 846 shares during the last quarter.

Insider Buying and Selling at SMART Global

In other news, COO Jack A. Pacheco sold 2,500 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $22.52, for a total value of $56,300.00. Following the sale, the chief operating officer now directly owns 220,007 shares of the company’s stock, valued at approximately $4,954,557.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Jack A. Pacheco sold 2,500 shares of SMART Global stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $22.52, for a total transaction of $56,300.00. Following the completion of the transaction, the chief operating officer now directly owns 220,007 shares in the company, valued at $4,954,557.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack A. Pacheco sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $20.90, for a total value of $156,750.00. Following the completion of the sale, the chief operating officer now directly owns 224,062 shares in the company, valued at $4,682,895.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,403 shares of company stock valued at $266,781. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of SMART Global from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. TheStreet downgraded SMART Global from a “b-” rating to a “c-” rating in a report on Wednesday, November 1st. Needham & Company LLC increased their price objective on SMART Global from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $35.00 target price on shares of SMART Global in a research note on Thursday, October 19th.

Check Out Our Latest Stock Report on SMART Global

SMART Global Price Performance

SGH stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.68 and a quick ratio of 2.11. SMART Global Holdings, Inc. has a 1 year low of $12.66 and a 1 year high of $29.99. The firm has a 50-day moving average of $19.54 and a 200 day moving average of $20.57.

SMART Global (NASDAQ:SGHGet Free Report) last announced its earnings results on Tuesday, January 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.08. SMART Global had a positive return on equity of 20.15% and a negative net margin of 15.14%. The firm had revenue of $274.25 million during the quarter, compared to analyst estimates of $275.00 million. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was down 30.0% compared to the same quarter last year. As a group, equities research analysts anticipate that SMART Global Holdings, Inc. will post 0.62 EPS for the current fiscal year.

SMART Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SMART Global (NASDAQ:SGH)

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