Rosenblatt Securities Believes Smart Global Holdings (SGH) Won’t Stop Here
In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Smart Global Holdings (SGH). The company’s shares closed last Tuesday at $39.46, close to its 52-week high of $41.71.
According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 26.2% and a 72.8% success rate. Cassidy covers the Technology sector, focusing on stocks such as Skyworks Solutions, ON Semiconductor, and Western Digital.
Smart Global Holdings has an analyst consensus of Strong Buy, with a price target consensus of $53.00.
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Smart Global Holdings’ market cap is currently $918M and has a P/E ratio of 3715.00. The company has a Price to Book ratio of 5.71.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SGH in relation to earlier this year.
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SMART Global Holdings, Inc. engages in the design, manufacture, and sale of specialty memory solutions and services to the electronics industry. It deals with the computer, industrial, networking, telecommunications, aerospace, and defense markets. It has a product line that includes DRAM and Flash memory technologies. The company is founded in 1988 and is headquartered in Newark, CA.