SMART Global Holdings, Inc. (NASDAQ:SGH) Stock Holdings Boosted by Nomura Holdings Inc.

Nomura Holdings Inc. raised its position in shares of SMART Global Holdings, Inc. (NASDAQ:SGHFree Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,662 shares of the company’s stock after purchasing an additional 68,315 shares during the quarter. Nomura Holdings Inc. owned about 0.45% of SMART Global worth $4,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SGH. SummerHaven Investment Management LLC lifted its position in shares of SMART Global by 2.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 26,624 shares of the company’s stock valued at $504,000 after acquiring an additional 588 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of SMART Global by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 25,499 shares of the company’s stock valued at $483,000 after acquiring an additional 695 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of SMART Global by 4.0% during the 3rd quarter. Van ECK Associates Corp now owns 19,320 shares of the company’s stock valued at $470,000 after acquiring an additional 735 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of SMART Global by 2.5% in the fourth quarter. State of Alaska Department of Revenue now owns 31,940 shares of the company’s stock valued at $604,000 after purchasing an additional 767 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of SMART Global by 0.5% in the third quarter. Rhumbline Advisers now owns 151,964 shares of the company’s stock valued at $3,700,000 after purchasing an additional 787 shares in the last quarter.

Insiders Place Their Bets

In other SMART Global news, CEO Mark Adams bought 10,000 shares of the stock in a transaction on Thursday, April 11th. The shares were purchased at an average cost of $18.79 per share, with a total value of $187,900.00. Following the completion of the transaction, the chief executive officer now directly owns 29,640 shares of the company’s stock, valued at approximately $556,935.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Joseph Gates Clark sold 2,529 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $17.94, for a total value of $45,370.26. Following the sale, the insider now directly owns 92,386 shares of the company’s stock, valued at $1,657,404.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Adams bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were purchased at an average cost of $18.79 per share, for a total transaction of $187,900.00. Following the completion of the transaction, the chief executive officer now owns 29,640 shares of the company’s stock, valued at $556,935.60. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SGH shares. Stifel Nicolaus increased their target price on SMART Global from $26.00 to $27.50 and gave the company a “buy” rating in a report on Wednesday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price objective on shares of SMART Global in a report on Tuesday, May 7th.

Read Our Latest Research Report on SGH

SMART Global Stock Up 1.3 %

Shares of NASDAQ:SGH traded up $0.30 during midday trading on Tuesday, hitting $23.11. 137,449 shares of the stock were exchanged, compared to its average volume of 978,921. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.66 and a current ratio of 3.30. The company has a market capitalization of $1.21 billion, a PE ratio of -6.36 and a beta of 1.76. SMART Global Holdings, Inc. has a 52-week low of $12.66 and a 52-week high of $29.99. The business’s fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $20.78.

SMART Global (NASDAQ:SGHGet Free Report) last posted its earnings results on Tuesday, April 9th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $284.82 million for the quarter, compared to analyst estimates of $285.18 million. SMART Global had a positive return on equity of 11.82% and a negative net margin of 15.79%. As a group, research analysts predict that SMART Global Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

About SMART Global

(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.

Further Reading

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

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