SMART Global Holdings, Inc. (NASDAQ:SGH) is now up 190.61% compared to a 12-month low of $11.50. We have seen the price to move -8.21% lower and get settled at $33.42 on 11/20/2017. At recent session, it appeared stuck in a range of $33.21 to $37.0561. This company shares are 20.68% off its target price of $40.33 and the current market capitalization stands at $719.2M. The recent change has given its price a 16.62% lead over SMA 50 and -12.6% deficit over its 52-week high. The stock witnessed 7.67% gains, 81.63% gains and 0% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SGH’s volatility during a week at 7.7% and during a month it has been found around 6.1%.SMART Global Holdings, Inc. (SGH) Top Holders
Institutional investors currently hold around $728 million or 92.6% in SGH stock. Look at its top three institutional owners. Silver Lake Group, L.L.C. owns $519.09 million in SMART Global Holdings, Inc., which represents roughly 72.18% of the company’s market cap and approximately 71.3% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 1,044,823 shares of the stock are valued at $38.04 million. The third largest holder is Driehaus Capital Management Llc, which currently holds $29.63 million worth of this stock and that ownership represents nearly 4.12% of its market capitalization.
At the end of 09/30/2017 reporting period, 50 institutional holders increased their position in SMART Global Holdings, Inc. (NASDAQ:SGH) by some 3,087,521 shares, 12 decreased positions by 2,202,404 and 7 held positions by 14,709,248. That puts total institutional holdings at 19,999,173 shares, according to SEC filings. The stock grabbed 45 new institutional investments totaling 1,841,286 shares while 7 institutional investors sold out their entire positions totaling 1,364,456 shares.SMART Global Holdings, Inc. (NASDAQ:SGH) Insider Trades
Multiple company employees have indulged in significant insider trading. SMART Global Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Silver Lake (Offshore) Aiv Gp has acquired 1,500,000 shares of SMART Global Holdings, Inc. (SGH) in trading session dated May. 30, 2017. These shares are worth $16,500,000 and were traded at $11 each. The SEC filing shows that Silver Lake Sumeru (Offshore) performed a purchase of 1,500,000 shares. The 10% Owner added these shares by way of transaction on May. 30, 2017. The company’s shares were assimilated at $11 per share worth to an investment of some $16,500,000 on account of Silver Lake Sumeru (Offshore).
Director, Nicoletti William P, purchased 5,000 common shares of SMART Global Holdings, Inc. (SGH) in the open market. In a transaction dated May. 19, 2006, the shares were bought at an average price of $2.5, giving away a sum of $12,500. After this purchase, 20,252 common shares of SGH are directly owned by the insider, with total stake valued at $676,822.
In the transaction dated May. 18, 2006, the great number of shares acquired came courtesy the Director; Nicoletti William P added a total of 10,000 shares at an average price of $2.5, amounting to approximately $25,000. The insider now directly owns 15,252 shares worth $509,722.SMART Global Holdings, Inc. (SGH) Analyst Guide
Several analysts have released their opinion on SMART Global Holdings, Inc. (NASDAQ:SGH), with 6 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.