SMART Glb Hldgs Stock (NASDAQ:SGH), Trade Ideas

SMART Glb Hldgs

SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.

Long Ideas

News

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

NEOG

Although U.S. stocks closed mostly higher on Thursday, there were a few notable insider trades.

Insiders Buying SMART Global Holdings And 2 Other Stocks

Penny Stocks

Intraday Update

Movers

ACOR

ADIL

ASTI

BNRG

BPTS

BSGM

CISS

DCGO

DECK

DOGZ

DXYZ

EZGO

GRRR

ICCT

IFBD

IMRN

JAGX

KITT

MGAM

MRIN

MRNO

NEOV

NOVA

NUTX

OPEN

PRFX

RETO

RVMD

TSLA

VERB

VIAO

VINO

Shares of  Ascent Solar Technologies, Inc. (NASDAQ: ASTI) fell sharply during Wednesday’s session after the company announced pricing of a $6 million public offering of shares at $0.14 per share.

Why Ascent Solar Technologies Shares Are Trading Lower By Around 50%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Earnings

AAOI

SMART Global Holdings, Inc. (NASDAQ: SGH) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.

SMART Global Holdings, Inc. (SGH) Surpasses Q2 Earnings Estimates

SMART Global Holdings, Inc. - Ordinary Shares

SMART Global Holdings Inc

Super Group (SGHC) Limited Ordinary Shares

Super Group (SGHC) Ltd

SG HLDGSCO LTD UNSP/ADR by SG Holdings Co Ltd.

SG Holdings Co Ltd

SHANGHAI INDUS HLDGS LTD by Shanghai Industrial Holdings Ltd.

Shanghai Industrial Holdings Ltd

SHANGHAI INDUS HLD SP/ADR by Shanghai Industrial Holdings Ltd.

Sight Sciences Inc

Rosenblatt analyst Barton Crockett maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Buy and raises the price target from $520 to $562.

Price Target

Analyst Ratings

Rosenblatt Maintains Buy on Meta Platforms, Raises Price Target to $562

Market-Moving Exclusives

Exclusives

VRAX

EXCLUSIVE: Virax Biolabs Tells Benzinga 'The launch marks a significant milestone for Virax as it brings us a step closer to commercializing ViraxImmuneTM  as a full In-Vitro-Diagnostic product'

Darling Ingredients (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.46 by 8.7 percent. This is a 56.14 percent decrease over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $1.420 billion which missed the analyst consensus estimate of $1.484 billion by 4.26 percent. This is a 20.71 percent decrease over sales of $1.791 billion the same period last year.

Earnings Beats

Earnings Misses

Darling Ingredients Q1 2024 GAAP EPS $0.50 Beats $0.46 Estimate, Sales $1.420B Miss $1.484B Estimate

WIIM

Brunswick shares are trading lower following Q1 financial results and roughly in-line guidance.

EXCLUSIVE: Virax Biolabs Tells Benzinga Co. Launches Portfolio Of Immune Profiling Solutions Evaluating Adaptive Immunity In Post-Viral Syndromes

ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.42 by 2.38 percent. This is a 30.51 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $60.300 million which missed the analyst consensus estimate of $61.598 million by 2.11 percent. This is a 10.11 percent decrease over sales of $67.084 million the same period last year.

CNOB

ConnectOne Bancorp Q1 2024 GAAP EPS $0.41 Misses $0.42 Estimate, Sales $60.300M Miss $61.598M Estimate

BlackRock&#8216;s iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) has seen its <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38401088/bitcoin-spot-etfs-net-31-6m-inflows-as-hong-kong-readies-for-etf-launches">record-breaking streak of inflows</a> come to an end on Wednesday. 
What Happened: According to <a href="https://sosovalue.xyz/assets/etf">data </a>from SoSoValue, IBIT recorded no net inflows for the day, snapping a 71-day stretch of continuous investment. 
On Wednesday, spot Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF flows saw net outflows totaling $121 million, signaling a turbulent day for cryptocurrency investments.
Notably, Grayscale's Bitcoin Trust ETF (GBTC) registered the most substantial single-day outflow, withdrawing $130 million. 
Contrasting this, Fidelity Wise&#8217;s Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) emerged as the frontrunner for inflows, attracting $5.61 million in a single day, followed closely by the collaborative ETF from Ark Invest and 21Shares (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), which saw an influx of $4.17 million.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38413962/jack-dorsey-wants-to-make-bitcoin-mining-as-easy-as-plugging-in-a-lamp-heres-how">Jack Dorsey Wants To Make Bitcoin Mining As Easy As Plugging In A Lamp: Here&#8217;s How</a>
Hong Kong Steps Into The Crypto ETF Arena
The news of BlackRock&#8217;s pause coincides with a significant development in the Asian market. 
HashKey Exchange announced the completion of the first-ever cryptocurrency subscription for Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot ETFs offered by Hong Kong-based Bosera International and HashKey Capital. 
This subscription model allows for redemption without immediate sale of the underlying assets, potentially offering cost and liquidity benefits to investors.
Hong Kong&#8217;s foray into cryptocurrency ETFs marks a potential turning point for the Asian market. 
These ETFs are expected to begin trading on the Hong Kong Stock Exchange on April 30, providing investors in the region with a new avenue for cryptocurrency exposure.
What&#8217;s Next: The Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, scheduled for Nov. 19, will convene industry leaders, analysts, and investors to discuss these critical developments. 
This conference presents a unique opportunity to gain insights into the future of Bitcoin ETFs, cryptocurrency subscriptions, and the broader digital asset ecosystem. 
Don&#8217;t miss out on this chance to stay ahead of the curve in this <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38412858/trumps-crypto-portfolio-rebounds-with-1m-weekly-profit-which-crazy-new-currencies-does-he-">rapidly changing market.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38408395/why-is-mog-crypto-coin-going-up-trader-sees-billions-as-price-target">Why Is MOG Crypto Coin Going Up? Trader Sees &#8216;Billions&#8217; As Price Target</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

BlackRock's Spot Bitcoin ETF Sees Zero Inflows, As Net Outflows Tally $130M On Wednesday

Jason Tsai, currently VP of IR and Finance at Silicon Motion, has been appointed Interim Chief Financial Officer of the Company effective as of April 25, 2024.&nbsp;

Management

SIMO

Silicon Motion Says Riyadh Lai Will Be Stepping Down As CFO, Effective April 25, 2024; Jason Tsai Named As Interim CFO

Craig-Hallum analyst Jeremy Hamblin initiates coverage on Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) with a Buy rating and announces Price Target of $20.

Initiation

RRGB

Craig-Hallum Initiates Coverage On Red Robin Gourmet Burgers with Buy Rating, Announces Price Target of $20

CARR

Carrier Global shares are trading higher, rebounding from earlier weakness following Q1 earnings.

Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights

Tech

General

SPNS

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

California Water Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $0.36 by 236.11 percent. This is a 402.5 percent increase over losses of $(0.40) per share from the same period last year. The company reported quarterly sales of $270.75 million which beat the analyst consensus estimate of $183.85 million by 47.27 percent. This is a 106.52 percent increase over sales of $131.10 million the same period last year.

California Water Servs Gr Q1 EPS $1.21 Beats $0.36 Estimate, Sales $270.75M Beat $183.85M Estimate

Commodities

LODE

Comstock Completed The Commissioning Stages Of Its Demonstration-scale Production Facility In Silver Springs, Nevada

Buybacks

Union Pacific Says Restarting Share Repurchases In Q2

Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) reported quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $2.52 by 6.75 percent. The company reported quarterly sales of $6.00 billion which beat the analyst consensus estimate of $5.98 billion by 0.26 percent. This is a 0.92 percent decrease over sales of $6.06 billion the same period last year.

Union Pacific Q1 2024 Adj EPS $2.69 Beats $2.52 Estimate, Sales $6.00B Beat $5.98B Estimate

ULBI

Ultralife shares are trading higher after the company reported better-than-expected Q1 financial results.

2024 Full Year&nbsp;Guidance:
The Company reaffirms its FY 2024&nbsp;outlook&nbsp;for net sales of&nbsp;$3.42 billion&nbsp;to&nbsp;$3.58 billion, adjusted sales of&nbsp;$3.40 billion&nbsp;to&nbsp;$3.55 billion, net earnings and margin of&nbsp;$125 million&nbsp;to&nbsp;$160 million&nbsp;and&nbsp;3.7%&nbsp;to&nbsp;4.5%, respectively, adjusted EBITDA of&nbsp;$470 million&nbsp;to&nbsp;$510 million, and adjusted EBITDA margin of&nbsp;13.8%&nbsp;to&nbsp;14.4%. PHINIA expects to generate&nbsp;$160 million&nbsp;to&nbsp;$200 million&nbsp;in adjusted free cash flow. Adjusted tax rate is expected to be in the range of&nbsp;28%&nbsp;to&nbsp;32%.

Guidance

PHIN

PHINIA Reaffirms 2024 Outlook For Net Sales Of $3.42B-$3.58B, Adjusted Sales Of $3.40B-$3.55B Vs. $3.48B Consensus; Expects To Generate $160M-$200M In Adjusted Free Cash Flow

Summit Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMF#NASDAQ">SMMF</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.07 by 6.54 percent. This is a 3.64 percent increase over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $45.001 million which beat the analyst consensus estimate of $44.674 million by 0.73 percent. This is a 16.66 percent increase over sales of $38.575 million the same period last year.

SMMF

Summit Finl Gr Q1 2024 GAAP EPS $1.14 Beats $1.07 Estimate, Sales $45.001M Beat $44.674M Estimate

Thursday,&nbsp;Virax Biolabs Group Limited&nbsp;(NASDAQ:&nbsp;VRAX) announced it is launching ‘ImmuneSelect' within the ViraxImmune T-Cell diagnostic platform for research-use-only (RUO) at the European Society of Clinical Microbiology and Infectious Diseases Global 2024 Congress.
"We are very pleased to launch ImmuneSelect, an important portfolio of immune profiling solutions within our ViraxImmune T-Cell diagnostic platform," commented Mr. James Foster, Chief Executive Officer of Virax Biolabs.
"The launch marks a significant milestone for Virax, as it brings us a step closer to commercializing ViraxImmune as a full in-Vitro Diagnostic product."&nbsp;
ImmuneSelect is the company's new portfolio of immune profiling solutions dedicated to investigating adaptive immunity.&nbsp;
ImmuneSelect&nbsp;is developed&nbsp;to evaluate T-Cell driven immunity and to aid in the understanding and early characterization of symptoms associated with post-viral syndromes, including&nbsp;Long&nbsp;COVID.
Products within the ImmuneSelect brand are for research and investigational use only and&nbsp;are not intended&nbsp;to&nbsp;be used&nbsp;as a diagnostics tool.&nbsp;
The ImmuneSelect portfolio includes peptide pools covering epitopes from pathogens linked to post-viral syndromes.&nbsp;
These include pools for SARS-CoV-2, SARS-CoV-2 MHC-1 (CD8), Lyme Disease, Cytomegalovirus, Respiratory Syncytial Virus, and Epstein-Barr Virus.&nbsp;
ImmuneSelect's Recombinant Antibodies target cytokines and biomarkers, and they are available in different versions unconjugated to&nbsp;be tested&nbsp;on a range of applications, including Flow Cytometry, ELISA, and ELISpot/Fluorospot.&nbsp;
Dr. Nigel McCracken, the Chief Operations Officer of Virax Biolabs, said, "We believe there is great potential to utilize T-Cell diagnostics to help detect underlying post-viral infections by initially measuring the body's adaptive immune resistance to infections and then monitoring the potential progression of an individual's T-Cell functions following chronic antigen stimulation."
Price Action:&nbsp;VRAX shares closed at $0.66 on Wednesday.

Biotech

Health Care

EXCLUSIVE: Virax Biolabs Launches Immune Profiling Solutions To Evaluate Adaptive Immunity In Post-Viral Syndromes

The system has been using RevID&#39;s automated charge reconciliation for more than 2 years and has elected to add eValuator&#39;s code auditing technology for improved pre-bill revenue integrity.

Contracts

STRM

Streamline Health Expands Its Partnership With A 5 Facility, 700-Bed Oracle EHR Based Health System

SMART Global Q2 Earnings: Not Worth Chasing Higher

SMART Global stock falls after results, flags challenges in memory unit

Biggest stock movers today: SGH and PSMT

Quinn Bolton, an analyst from Needham, maintained the Buy rating on Smart Global Holdings (SGH – Research Report). The associated price target is $...

Buy Rating Affirmed for Smart Global Holdings on Strong IPS Performance and Positive Financial Outlook

Biggest stock movers today: DAL, SGH, and more

Biggest stock movers today: RUN, DAL, SGH, and more

MRIN, HUBC among major tech gainers; NOVA, RYDE among losers

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Apple (AAPL – Research Report) and Smart Global Hold...

Analysts Are Bullish on Top Technology Stocks: Apple (AAPL), Smart Global Holdings (SGH)

Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new B...

3 Best Stocks to Buy Now, 4/22/2024, According to Top Analysts

As AI expands from early tech adopters to industries like finance, oil and gas, defense, and education, the need for services and partners to build...

Smart Global Holdings (NASDAQ:SGH) Stock Enters Value Territory

AAPL

GCTS

GRND

HUBC

IMVT

PSMT

RYDE

TTEC

VERI

Press Releases

Penguin Solutions to Showcase Expertise in AI and HPC at SC23

Stratus Showcases Proven Edge Computing Platforms at Automation Fair 2023

SGH Completes Sale of Majority Stake of SMART Brazil

SGH Announces First Quarter Fiscal 2024 Financial Conference Call

SGH Reports First Quarter Fiscal 2024 Financial Results

Cree LED and Current Lighting Enter into License Agreement

SGH Announces Second Quarter Fiscal 2024 Financial Conference Call

SMART Modular Technologies Introduces Zefr ZDIMM Memory Modules with Ultra-High Reliability for Demanding Compute Applications

SGH Reports Second Quarter Fiscal 2024 Financial Results

SMART Modular Technologies Introduces New Family of CXL Add-in Cards for Memory Expansion in High Performance Servers

Ambarella

Alpha and Omega Semiconductor Limited - Common Shares

Alpha & Omega

CEVA

Credo Technology Group Holding Ltd - Ordinary Shares

Credo Technology Group

Canadian Solar

Diodes

GCT Semiconductor Holding, Inc. Common Stock

GCT Semiconductor Hldgs

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares.

Himax Techs

Intchains Group Limited - American Depositary Shares

Intchains Gr

ChipMOS TECHNOLOGIES INC. - American Depositary Shares

ChipMOS TECHNOLOGIES

indie Semiconductor, Inc. - Class A Common Stock

Indie Semiconductor

JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares)

JinkoSolar Holding Co

Magnachip Semiconductor Corporation Common Stock

MagnaChip Semiconductor

MaxLinear

Navitas Semiconductor Corporation - Common Stock

Navitas Semiconductor

QuickLogic

Rigetti Computing

Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares