Smart Global Holdings (SGH) Receives a Buy from Rosenblatt Securities

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Smart Global Holdings (SGH) today. The company’s shares closed last Friday at $46.69, close to its 52-week high of $50.30.

According to, Cassidy is a top 100 analyst with an average return of 27.2% and a 72.2% success rate. Cassidy covers the Technology sector, focusing on stocks such as Skyworks Solutions, ON Semiconductor, and Western Digital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smart Global Holdings with a $53.00 average price target, a 13.5% upside from current levels. In a report issued on February 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $55.00 price target.

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The company has a one-year high of $50.30 and a one-year low of $16.42. Currently, Smart Global Holdings has an average volume of 250.6K.

Based on the recent corporate insider activity of 38 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.

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