Institutional investors now have $196 million stake in SMART Global Holdings, Inc. (SGH)

SMART Global Holdings, Inc. (NASDAQ:SGH) marched up 217.65% compared to a 52-week low price of $11.50. The shares were last seen trading 9.31% higher, taking the closing price at $36.53 on 11/21/2017. At recent session, the prices were hovering between $33.45 and $36.91. This company shares are 10.4% off its target price of $40.33 and the current market capitalization stands at $786.13M. The recent change has given its price a 26.54% lead over SMA 50 and -4.47% deficit over its 52-week high. The stock witnessed 19.34% gains, 96.61% gains and 171.6% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SGH’s volatility during a week at 8.99% and during a month it has been found around 6.34%.

SMART Global Holdings, Inc. (SGH) Top Holders

Institutional investors currently hold around $196 million or 92.6% in SGH stock. Look at its top three institutional owners. Silver Lake Group, L.L.C. owns $44.33 million in SMART Global Holdings, Inc., which represents roughly 5.64% of the company’s market cap and approximately 22.61% of the institutional ownership. Similar statistics are true for the second largest owner, Park West Asset Management Llc, which owns 893,069 shares of the stock are valued at $26.39 million. The third largest holder is Fmr Llc, which currently holds $24.77 million worth of this stock and that ownership represents nearly 3.15% of its market capitalization.

SMART Global Holdings, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 37 institutional holders increased their position in SMART Global Holdings, Inc. (NASDAQ:SGH) by some 5,653,999 shares, 2 decreased positions by 469,723 and 2 held positions by 500,308. That puts total institutional holdings at 6,624,030 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 5,653,999 shares while 1 institutional investors sold out their entire positions totaling 333,630 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 Director Nayyar Sandeep has sold 7,148 shares of SMART Global Holdings, Inc. (SGH) in trading session dated Nov. 20, 2017. These shares are worth $251,610 and were traded at $35.2 each. The SEC filing shows that Silver Lake (Offshore) Aiv Gp 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 (Offshore) Aiv Gp.

10% Owner, Silver Lake Sumeru (Offshore), purchased 1,500,000 common shares of SMART Global Holdings, Inc. (SGH) in the open market. In a transaction dated May. 30, 2017, the shares were bought at an average price of $11, giving away a sum of $16,500,000. After this purchase, 14,501,358 common shares of SGH are directly owned by the insider, with total stake valued at $529,734,608.

In the transaction dated May. 19, 2006, the great number of shares acquired came courtesy the Director; Nicoletti William P added a total of 5,000 shares at an average price of $2.5, amounting to approximately $12,500. The insider now directly owns 20,252 shares worth $739,806.

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.

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