SMART Global Holdings, Inc. (NASDAQ:SGH) Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in SMART Global Holdings, Inc. (NASDAQ:SGH) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,665,769 shares of the company’s stock after acquiring an additional 186,958 shares during the period. Dimensional Fund Advisors LP owned 3.15% of SMART Global worth $38,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SGH. Vanguard Group Inc. boosted its position in shares of SMART Global by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 6,835,008 shares of the company’s stock valued at $129,387,000 after purchasing an additional 810,022 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in SMART Global during the second quarter valued at approximately $9,205,000. American Century Companies Inc. boosted its holdings in SMART Global by 69.5% during the second quarter. American Century Companies Inc. now owns 802,527 shares of the company’s stock worth $18,354,000 after buying an additional 328,934 shares in the last quarter. Russell Investments Group Ltd. grew its position in SMART Global by 331.9% in the first quarter. Russell Investments Group Ltd. now owns 259,711 shares of the company’s stock worth $6,836,000 after buying an additional 199,585 shares during the last quarter. Finally, Boston Partners bought a new position in shares of SMART Global in the first quarter valued at $5,198,000.

Analyst Ratings Changes

Several research firms have recently weighed in on SGH. Needham & Company LLC raised their price objective on SMART Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Stifel Nicolaus increased their price target on SMART Global from $27.50 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Barclays boosted their price objective on SMART Global from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $35.00 target price on shares of SMART Global in a report on Wednesday, July 3rd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $32.25.

SMART Global Stock Down 1.6 %

NASDAQ:SGH opened at $20.95 on Tuesday. SMART Global Holdings, Inc. has a 1-year low of $12.66 and a 1-year high of $29.81. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -6.80 and a beta of 1.67. 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 business’s fifty day moving average price is $20.35 and its 200 day moving average price is $21.51.

SMART Global (NASDAQ:SGH) last posted its quarterly earnings results on Tuesday, July 9th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. The business had revenue of $300.58 million during the quarter, compared to analysts’ expectations of $300.00 million. SMART Global had a negative net margin of 14.35% and a positive return on equity of 8.86%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, sell-side analysts forecast that SMART Global Holdings, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Joseph Gates Clark sold 2,527 shares of the business’s 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 completion of the sale, the insider now owns 82,518 shares of the company’s stock, valued at approximately $1,953,201.06. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Joseph Gates Clark sold 2,527 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $23.67, for a total value of $59,814.09. Following the completion of the sale, the insider now directly owns 82,518 shares in the company, valued at $1,953,201.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jack A. Pacheco sold 13,333 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $21.14, for a total transaction of $281,859.62. Following the transaction, the chief operating officer now directly owns 211,896 shares in the company, valued at $4,479,481.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,527 shares of company stock worth $1,062,413. Corporate insiders own 2.30% of the company’s stock.

About SMART Global

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.