Raymond James & Associates Has $278,000 Stock Holdings in SMART Global Holdings, Inc. (NASDAQ:SGH)

Raymond James & Associates boosted its position in shares of SMART Global Holdings, Inc. (NASDAQ:SGH) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,683 shares of the company’s stock after purchasing an additional 2,340 shares during the period. Raymond James & Associates’ holdings in SMART Global were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in SMART Global by 85.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,804 shares of the company’s stock valued at $93,000 after purchasing an additional 1,757 shares during the period. Strs Ohio acquired a new stake in SMART Global in the third quarter worth about $749,000. Inspire Investing LLC raised its stake in shares of SMART Global by 17.7% during the third quarter. Inspire Investing LLC now owns 41,807 shares of the company’s stock worth $1,018,000 after buying an additional 6,289 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of SMART Global by 36.5% in the 3rd quarter. Victory Capital Management Inc. now owns 87,469 shares of the company’s stock valued at $2,130,000 after purchasing an additional 23,372 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new position in SMART Global in the third quarter valued at about $702,000.

SMART Global Trading Up 1.1 %

SMART Global stock opened at $18.55 on Tuesday. The company has a market cap of $970.11 million, a price-to-earnings ratio of -5.04 and a beta of 1.74. SMART Global Holdings, Inc. has a one year low of $12.66 and a one year high of $29.99. The firm has a 50-day moving average of $22.27 and a 200-day moving average of $19.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.30 and a quick ratio of 2.66.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SGH. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price objective on shares of SMART Global in a report on Monday, April 22nd. Stifel Nicolaus raised their price objective on shares of SMART Global from $26.00 to $27.50 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

Insider Activity at SMART Global

In related news, Director Penny Herscher sold 2,525 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $22.62, for a total value of $57,115.50. Following the transaction, the director now owns 12,713 shares in the company, valued at approximately $287,568.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other SMART Global news, insider Joseph Gates Clark sold 2,529 shares of SMART Global stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $17.94, for a total value of $45,370.26. Following the completion of the sale, the insider now owns 92,386 shares in the company, valued at approximately $1,657,404.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penny Herscher sold 2,525 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $22.62, for a total transaction of $57,115.50. Following the completion of the sale, the director now directly owns 12,713 shares of the company’s stock, valued at approximately $287,568.06. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

SMART Global Company Profile

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.