Kennedy Capital Management LLC Has $12.64 Million Stock Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

Kennedy Capital Management LLC lifted its stake in shares of SMART Global Holdings, Inc. (NASDAQ:SGH) by 33.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 480,037 shares of the company’s stock after purchasing an additional 120,033 shares during the period. Kennedy Capital Management LLC owned 0.92% of SMART Global worth $12,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in SMART Global by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 7,038,205 shares of the company’s stock valued at $185,246,000 after buying an additional 203,197 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SMART Global by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,483,518 shares of the company’s stock worth $28,084,000 after purchasing an additional 37,256 shares in the last quarter. LSV Asset Management grew its holdings in shares of SMART Global by 26.3% during the 1st quarter. LSV Asset Management now owns 874,300 shares of the company’s stock worth $23,012,000 after purchasing an additional 182,200 shares in the last quarter. UBS Group AG boosted its stake in SMART Global by 7,076.7% in the fourth quarter. UBS Group AG now owns 862,786 shares of the company’s stock valued at $16,333,000 after buying an additional 850,764 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in SMART Global by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 655,702 shares of the company’s stock valued at $12,412,000 after buying an additional 30,344 shares in the last quarter.

Analyst Ratings Changes

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

Insider Buying and Selling at SMART Global

In other SMART Global news, insider Joseph Gates Clark sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $29.00, for a total value of $145,000.00. Following the sale, the insider now directly owns 87,386 shares in the company, valued at $2,534,194. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Jack A. Pacheco sold 13,333 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $23.16, for a total value of $308,792.28. Following the completion of the sale, the chief operating officer now owns 211,896 shares of the company’s stock, valued at approximately $4,907,511.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph Gates Clark sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $29.00, for a total value of $145,000.00. Following the transaction, the insider now directly owns 87,386 shares of the company’s stock, valued at approximately $2,534,194. The disclosure for this sale can be found here. Insiders have sold a total of 20,860 shares of company stock worth $513,606 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

SMART Global Stock Down 3.0 %

Shares of NASDAQ:SGH traded down $0.70 during mid-day trading on Tuesday, hitting $22.32. 611,967 shares of the company traded hands, compared to its average volume of 1,084,821. The stock has a market cap of $1.18 billion, a P/E ratio of -7.27 and a beta of 1.69. The company has a current ratio of 3.30, a quick ratio of 2.66 and a debt-to-equity ratio of 1.80. SMART Global Holdings, Inc. has a 12-month low of $12.66 and a 12-month high of $29.81. The stock has a 50-day moving average price of $23.00 and a two-hundred day moving average price of $22.03.

SMART Global (NASDAQ:SGH) last issued its quarterly earnings results on Tuesday, July 9th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The business had revenue of $300.58 million for the quarter, compared to analyst estimates of $300.00 million. SMART Global had a positive return on equity of 8.86% and a negative net margin of 14.35%. SMART Global’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, equities research analysts forecast that SMART Global Holdings, Inc. will post 0.7 earnings per share for the current year.

SMART Global Profile

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.