SMART Global Holdings, Inc. (SGH)
Market Cap | 784.32M |
Revenue (ttm) | 1.81B |
Net Income (ttm) | 51.52M |
Shares Out | 49.20M |
EPS (ttm) | 0.96 |
PE Ratio | 16.60 |
Forward PE | 6.78 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 253,616 |
Open | 15.93 |
Previous Close | 16.04 |
Day's Range | 15.75 - 16.03 |
52-Week Range | 12.04 - 27.25 |
Beta | 1.34 |
Analysts | Buy |
Price Target | 24.99 (+56.78%) |
Earnings Date | Apr 4, 2023 |
About SGH
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory ma... [Read more]
Financial Performance
In 2022, SGH's revenue was $1.82 billion, an increase of 21.20% compared to the previous year's $1.50 billion. Earnings were $66.56 million, an increase of 212.33%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for SGH stock is "Buy." The 12-month stock price forecast is $24.99, which is an increase of 56.78% from the latest price.
News

SMART Modular Technologies Releases New PCIe NVMe Solid State Drives
NEWARK, Calif.--(BUSINESS WIRE)---- $SGH #NANDFlash--SMART Modular Technologies announces the introduction of its new T6CN family of PCIe NVMe SSD products which is part of the SMART RUGGED portfolio.

Cree LED Delivers Industry-Leading High-Power LED Efficacy with New J Series 5050C E Class LEDs
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announced today the release of its J Series 5050C E Class LEDs with the industry's highest efficacy for high power LEDs: 228 lumens per watt.

SGH Announces Second Quarter Fiscal 2023 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SGH announced it will host its quarterly financial conference call & webcast for Q2 FY2023 earnings after market close on April 4 at 4:30 p.m. (EDT).

Cree LED's Three New High-Brightness LEDs Improve Large-Format Video Displays
DURHAM, N.C.--(BUSINESS WIRE)---- $SGH #CreeLED--Cree LED announces the availability of three surface mount diode (SMD) LEDs optimized for large-format, high-resolution video screen applications.

Stratus to Showcase Edge Computing Platforms and Customer Success at the ARC Industry Leadership Forum
MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, Inc. (“Stratus”), an SGH (Nasdaq: SGH) company and a global leader in simplified, protected, and autonomous Edge Computing platforms, today ann...

SGH Announces Exchange of $150.0 Million of its Existing 2.25% Convertible Senior Notes due 2026 for 2.000% Convertible Senior Notes due 2029 and Repurchase of Approximately 325,000 of its Ordinary Shares
MILPITAS, Calif.--(BUSINESS WIRE)--SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today announced that it has entered into separate, privately negotiated exchange agreements (the...

Cree LED Releases Pro9 LEDs with Breakthrough Efficacy and Reliability
DURHAM, N.C.--(BUSINESS WIRE)--Cree LED, an SGH company (Nasdaq: SGH), announced today the release of XLamp® Pro9™ LEDs, delivering up to 15% higher efficacy for 90 and 95 color rendering index (CRI...

SMART Global Holdings, Inc. (SGH) Q1 Earnings and Revenues Surpass Estimates
SMART Global Holdings, Inc. (SGH) delivered earnings and revenue surprises of 31.67% and 3.44%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the ...

SGH Reports First Quarter Fiscal 2023 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)--SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQ: SGH) today reported financial results for the first quarter of fiscal 2023. Per share measures for al...

Cree LED and Star Headlight & Lantern Company Enter Settlement and Limited License Agreement
DURHAM, N.C.--(BUSINESS WIRE)--CreeLED, Inc. (“Cree LED”), an SGH company (Nasdaq: SGH), and Star Headlight & Lantern Co., Inc. (“Star”) today announced that they have reached a mutually beneficial ...

SGH Announces First Quarter Fiscal 2023 Financial Conference Call
MILPITAS, Calif.--(BUSINESS WIRE)--SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast f...

SMART Modular Technologies Launches New Family of Data Center Solid State Drives
NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)--SMART Modular Technologies, Inc. (“SMART”), a division of SGH (Nasdaq: SGH) and a global leader in memory solutions, solid-state drives and hybrid storage p...
Surplus semiconductor inventory grows as global demand tapers
Rajvindra Gill, Needhman semiconductor analyst, joins 'Closing Bell' to discuss Micron's warning about production cuts over economic weakness, locating the bottom for smart phone sales and data center...

Penguin Computing to Acquire Remote Access Software Assets from Colorado Code Craft
FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, announced today that its Penguin Computing g...

Penguin Solutions Launches New Cloud-Native HPC/AI Control Plane and Announces Partnership with Google Cloud
FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, today launched Scyld Cloud Central™ control ...

Penguin Solutions Announces New Release of Scyld Software for HPC Deployment, Cluster Management and Secure Remote User Access
DALLAS--(BUSINESS WIRE)--Supercomputing 2022--Penguin Solutions™ , an SGH™ brand (Nasdaq: SGH) that provides HPC, AI, and IoT technologies for edge, core, and cloud, announced today the release of n...

Stratus to Showcase Proven Edge Computing Solutions at Automation Fair
MAYNARD, Mass.

SMART Modular Technologies Expands DuraMemory Portfolio with New DDR5 Very Low Profile ECC UDIMMs
NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)---- $SGH #DDR5--SMART Modular introduces new DDR5 16GB and 32GB VLP ECC UDIMM of blade memory VLP module products designed for 1U blade servers & enclosure sys...

Cree LED Photophyll Select LEDs Are Fully Optimized for Horticulture Applications
DURHAM, N.C.

Frost & Sullivan Recognizes Stratus for Edge IIoT Product Leadership
Stratus receives 2022 Global Product Leadership Award for edge compute platforms that reduce unplanned downtime and ensures continuous availability of business-critical operations SAN ANTONIO , Nov. 2...

SGH Releases 2021 Environmental, Social, and Governance (ESG) Report
MILPITAS, Calif.

Don't Forget About These Cheap, Fundamentally Strong Tech Stocks
SGH and Skyworks Solutions are fundamentally strong tech stocks key to the manufacturing supply chain and trading at deep discounts to the market.

SMART Global Holdings, Inc. (SGH) Beats Q4 Earnings Estimates
SMART Global Holdings, Inc. (SGH) delivered earnings and revenue surprises of 23.08% and 0.53%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the st...

SGH Reports Fourth Quarter and Full Year Fiscal 2022 Financial Results
MILPITAS, Calif.--(BUSINESS WIRE)---- $SGH #SGH--SMART Global Holdings (SGH) today reported financial results for Q4 and full year fiscal 2022, achieving record net sales and record gross margins.