SMART Global Holdings, Inc. (SGH)

NASDAQ: SGH · IEX Real-Time Price · USD
15.94
-0.10 (-0.62%)
Mar 24, 2023, 4:00 PM EDT - Market closed
-0.62%
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]

Industry Semiconductors
Sector Technology
IPO Date May 24, 2017
Employees 3,600
Stock Exchange NASDAQ
Ticker Symbol SGH
Full Company Profile

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 Statements

Analyst 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.

Price Target
$24.99
(56.78% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

1 day ago - Business Wire

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.

2 days ago - Business Wire

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).

1 week ago - Business Wire

7 Undiscovered Stocks to Watch for the Next Big Thing

Stocks are showing signs of life in 2023. And if you have a tolerance for risk and are willing to look for stocks to trade, the small-cap sector is one area to find stocks to watch.

Other symbols: AIRFNAIIINKURAPCTSA
1 month ago - InvestorPlace

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.

1 month ago - Business Wire

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...

1 month ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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 ...

2 months ago - Zacks Investment Research

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...

2 months ago - Business Wire

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 ...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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...

3 months ago - Business Wire

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...

Other symbols: GFSMRAMMUSMHSOXX
4 months ago - CNBC Television

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...

4 months ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - PRNewsWire

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

MILPITAS, Calif.

5 months ago - Business Wire

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.

Other symbols: SWKS
6 months ago - MarketBeat

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...

6 months ago - Zacks Investment Research

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.

6 months ago - Business Wire