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SMART Global Holdings, Inc. (SGH) Report Analysis

Corporate Events

Negative

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropp...

2022-06-24 00:00:00

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Defensive Index

Negative

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropp...

2022-06-24 00:00:00

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Growth-Defensive Index

Positive

Cree LED Introduces Cutting-edge XLamp® Element...

2022-06-01 15:53:00

Cree LED announced the launch of XLamp® Element G LEDs, delivering a new product class with unmatched light output and efficiency for LEDs of ...

Neutral

SMART Global Holdings, Inc. Presents at Stifel ...

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-09-2022 02:25 PM. Venue: The InterContinental Boston ...

Neutral

SMART Global Holdings, Inc. Presents at Cowen 5...

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 09:40 AM. Venue: New York Cit...

Neutral

SMART Global Holdings, Inc. Presents at Rosenbl...

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-10-2022 .

Neutral

Rosenblatt Securities Inc., Rosenblatt Securiti...

2022-04-19 11:05:00

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022.

Neutral

Smart Global Holdings, Inc. Provides Earnings G...

2022-04-05 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the third quarter of fiscal 2022. For the quarter, the company expects net sales to...

Positive

SMART Global Holdings, Inc. (NasdaqGS:SGH) anno...

2022-04-05 16:08:00

SMART Global Holdings, Inc. (NasdaqGS:SGH) announces a share repurchase program. Under the program, the company will repurchase up to $75 mill...

Positive

SMART Global Holdings, Inc. authorizes a Buyback Plan.

2022-04-05 00:00:00

The Board of Directors of SMART Global Holdings, Inc. has authorized a buyback plan on April 5, 2022.

Neutral

SMART Global Holdings, Inc. has filed a Shelf R...

2022-04-05 00:00:00

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $47.403578 million. Security Name: Ordinary Shares Securities ...

Positive

Smart Global Holdings, Inc. Announces New Pengu...

2022-04-04 20:21:00

Intelligent Platform Solutions (IPS), a business line of SMART Global Holdings, Inc. announced its new umbrella brand, Penguin Solutions. Peng...

Neutral

SMART Global Holdings, Inc., Q2 2022 Earnings C...

2022-03-15 20:05:00

SMART Global Holdings, Inc., Q2 2022 Earnings Call, Apr 05, 2022

Neutral

SMART Global Holdings, Inc. to Report Q2, 2022 ...

2022-03-15 20:05:00

SMART Global Holdings, Inc. announced that they will report Q2, 2022 results After-Market on Apr 05, 2022

Neutral

Stifel, Nicolaus & Company, Incorporated, Stife...

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterCont...

Positive

SMART Global Holdings, Inc. Announces Refinanci...

2022-02-07 21:47:00

SMART Global Holdings, Inc. announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 millio...

Neutral

Cowen Inc., Cowen 50th Annual Technology, Media...

2022-02-07 20:29:00

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, Un...

Neutral

SMART Global Holdings, Inc. Provides Earnings G...

2022-01-04 21:30:00

SMART Global Holdings, Inc. provided earnings guidance for the second quarter of 2022. For the quarter, the company expects net sales will ran...

Positive

SMART Global Holdings, Inc., 2 : 1, Stock Split...

2022-01-03 00:00:00

SMART Global Holdings, Inc., 2 : 1, Stock Split or Significant Stock Dividend, Feb-02-2022

Neutral

SMART Global Holdings, Inc. - Shareholder/Analyst Call

2021-12-21 22:31:00

Annual Meeting of the Shareholders

Negative

SMART Global Holdings, Inc. Announces Board Transitions

2021-12-14 21:31:00

SMART Global Holdings, Inc. announced that Silver Lake-nominated directors Ajay Shah and Jason White will not stand for re-election at the SGH...

Neutral

SMART Global Holdings, Inc. Re-Affirms Guidance...

2021-12-14 21:31:00

SMART Global Holdings, Inc. re-affirmed guidance for the second fiscal quarter of 2022. There are no changes to the Company's previously share...

Neutral

SMART Global Holdings, Inc., Q1 2022 Earnings C...

2021-12-07 14:05:00

SMART Global Holdings, Inc., Q1 2022 Earnings Call, Jan 04, 2022

Neutral

SMART Global Holdings, Inc. to Report Q1, 2022 ...

2021-12-07 14:05:00

SMART Global Holdings, Inc. announced that they will report Q1, 2022 results on Jan 04, 2022

Neutral

SMART Global Holdings, Inc. Presents at Barclay...

2021-12-03 17:19:00

SMART Global Holdings, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 12:00 PM.

Neutral

SMART Global Holdings, Inc., Annual General Mee...

2021-10-12 20:14:00

SMART Global Holdings, Inc., Annual General Meeting, Feb 11, 2022, at 10:00 Pacific Standard Time. Agenda: To elect the two nominees for Class...

Neutral

SMART Global Holdings, Inc. Provides Earnings G...

2021-10-12 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the first quarter of fiscal 2022. For the quarter, the company expects net sales to...

Negative

SMART Global Holdings, Inc. Appoints Penelope H...

2021-09-28 13:10:00

On September 24, 2021, the Board of Directors of SMART Global Holdings, Inc. appointed Penelope Herscher to the Board, effective September 24,...

Neutral

SMART Global Holdings, Inc., Q4 2021 Earnings C...

2021-09-23 13:05:00

SMART Global Holdings, Inc., Q4 2021 Earnings Call, Oct 12, 2021

Neutral

SMART Global Holdings, Inc. to Report Q4, 2021 ...

2021-09-23 13:05:00

SMART Global Holdings, Inc. announced that they will report Q4, 2021 results After-Market on Oct 12, 2021

Neutral

SMART Global Holdings, Inc. Presents at Canacco...

2021-07-29 20:05:00

SMART Global Holdings, Inc. Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-12-2021 09:00 AM. Speakers: Ken Rizvi, Senior VP ...

Neutral

SMART Global Holdings, Inc. Presents at Rosenbl...

2021-07-28 13:42:00

SMART Global Holdings, Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 11:00 AM. Speakers: Mark ...

Neutral

Rosenblatt Securities Inc., Rosenblatt Securiti...

2021-07-28 08:31:00

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021.

Negative

SMART Global Holdings, Inc. has completed a Fol...

2021-07-09 00:00:00

SMART Global Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $153 million. Security Name: Ordinary Shares Securi...

Negative

Certain Ordinary Shares of SMART Global Holding...

2021-07-09 00:00:00

Certain Ordinary Shares of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Ordinary Shares will be ...

Negative

Certain Options of SMART Global Holdings, Inc. ...

2021-07-09 00:00:00

Certain Options of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Options will be under lockup for...

Negative

Certain Restricted Share Units of SMART Global ...

2021-07-09 00:00:00

Certain Restricted Share Units of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Restricted Share ...

Negative

SMART Global Holdings, Inc. has filed a Follow-...

2021-07-08 00:00:00

SMART Global Holdings, Inc. has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities ...

Neutral

SMART Global Holdings, Inc. Provides Earnings G...

2021-07-06 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the fourth quarter of fiscal year 2021. For the period, the company expects net sal...

Neutral

SMART Global Holdings, Inc. has filed a Shelf R...

2021-07-06 00:00:00

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $55.235683 million. Security Name: Ordinary Shares Securities ...

Negative

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Defensive Index

2022-06-24 00:00:00

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Defensive Index

Negative

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Growth-Defensive Index

2022-06-24 00:00:00

SMART Global Holdings, Inc.(NasdaqGS:SGH) dropped from Russell 2000 Growth-Defensive Index

Positive

Cree LED Introduces Cutting-edge XLamp® Element G LEDs with the Industry’s Broadest Range of Colors

2022-06-01 15:53:00

Cree LED announced the launch of XLamp® Element G LEDs, delivering a new product class with unmatched light output and efficiency for LEDs of this size. The XLamp Element G LEDs are the latest in Cree LED’s broad portfolio of lighting solutions enabling maximum light output and optical performance with new levels of precision and control. XLamp Element G LEDs from Cree LED provide next-level performance in color mixing applications and are optimized for multicolor directional lighting products. Expanding on Cree LED’s technology breakthroughs, the XLamp Element G LEDs provide next-level performance in color mixing applications: New performance class delivering nearly 3x the light output of the XQ-E and 9x the lumen density of XP-E2. Broadest range of color options available in the industry. No-compromise package design with minimal LED chip-to-edge spacing featuring a large, electrically isolated thermal pad and ESD protection. The XLamp Element G LEDs are optimized for multicolor directional lighting products for indoor and outdoor directional, architectural and entertainment applications.

Neutral

SMART Global Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-09-2022 02:25 PM

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-09-2022 02:25 PM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Neutral

SMART Global Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 09:40 AM

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 09:40 AM. Venue: New York City, New York, United States.

Neutral

SMART Global Holdings, Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-10-2022

2022-05-11 20:05:00

SMART Global Holdings, Inc. Presents at Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun-10-2022 .

Neutral

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: the Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022

2022-04-19 11:05:00

Rosenblatt Securities Inc., Rosenblatt Securities 2nd Annual Technology Summit: The Age of AI Scaling, Jun 09, 2022 through Jun 10, 2022.

Neutral

Smart Global Holdings, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal 2022

2022-04-05 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the third quarter of fiscal 2022. For the quarter, the company expects net sales to be in the range of $435 million to $475 million and Diluted EPS to be in the range of $0.35 ± $0.08.

Positive

SMART Global Holdings, Inc. (NasdaqGS:SGH) announces an Equity Buyback for $75 million worth of its shares.

2022-04-05 16:08:00

SMART Global Holdings, Inc. (NasdaqGS:SGH) announces a share repurchase program. Under the program, the company will repurchase up to $75 million worth of its shares. The authorization has no expiration date.

Positive

SMART Global Holdings, Inc. authorizes a Buyback Plan.

2022-04-05 00:00:00

The Board of Directors of SMART Global Holdings, Inc. has authorized a buyback plan on April 5, 2022.

Neutral

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $47.403578 million.

2022-04-05 00:00:00

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $47.403578 million. Security Name: Ordinary Shares Securities Offered: 1,937,212 Transaction Features: ESOP Related Offering

Positive

Smart Global Holdings, Inc. Announces New Penguin Solutions Brand Combines Expertise Across Edge, Core and Cloud

2022-04-04 20:21:00

Intelligent Platform Solutions (IPS), a business line of SMART Global Holdings, Inc. announced its new umbrella brand, Penguin Solutions. Penguin Solutions is the new brand identity for IPS that represents the full breadth of HPC, AI and IoT/Edge offerings available under IPS that span edge to core to cloud. Penguin Solutions is comprised of Penguin Computing, which focuses on technical computing for core and cloud environments by providing HPC and AI solutions, and Penguin Edge, formerly SMART Wireless Computing and SMART Embedded Computing, which extends those capabilities to embedded, edge and IoT computing environments. Artificial intelligence, machine learning, data analytics and simulation have become increasingly vital technologies across enterprise and federal markets alike. Improved connectivity and emerging use cases are driving the extension of these technologies from traditional core and cloud environments to edge environments. Penguin Solutions provides the market with a unique and capable source for solutions and managed services that shorten the time to adoption of these technologies. By offering a true end-to-end solution experience, Penguin Solutions makes it easier for customers to solve complex challenges and accelerate the deployment of their applications.

Neutral

SMART Global Holdings, Inc., Q2 2022 Earnings Call, Apr 05, 2022

2022-03-15 20:05:00

SMART Global Holdings, Inc., Q2 2022 Earnings Call, Apr 05, 2022

Neutral

SMART Global Holdings, Inc. to Report Q2, 2022 Results on Apr 05, 2022

2022-03-15 20:05:00

SMART Global Holdings, Inc. announced that they will report Q2, 2022 results After-Market on Apr 05, 2022

Neutral

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Positive

SMART Global Holdings, Inc. Announces Refinancing Transactions

2022-02-07 21:47:00

SMART Global Holdings, Inc. announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility. The transactions refinance and replace the $125 million CreeLED Purchase Price Note due 2023, the $100 million Asset-Based Lending Credit Facility due 2023 and the $50 million Amended Credit Agreement due 2025. For reference, as of the end of the first fiscal quarter of 2022, the Company had $35 million outstanding on the Asset-Based Lending Credit Facility and no amounts outstanding on the Amended Credit Agreement. The $250 million 2.25% Convertible Senior Notes due 2026 and the FINEP Credit Facility due 2027 will remain in place. The Credit Facilities provide the Company with the flexibility to retire any earn-out liability associated with the CreeLED purchase. For reference, the carrying value of the earn-out liability was $77.7 million as of the end of the first fiscal quarter of 2022. The Credit Facilities mature in 2027. Interest on the Credit Facilities will be based on a Total Net Leverage grid, but will initially bear interest at the Secured Overnight Financing Rate (“SOFR”) plus a credit spread adjustment plus 2.00%.

Neutral

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022

2022-02-07 20:29:00

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, United States.

Neutral

SMART Global Holdings, Inc. Provides Earnings Guidance for the Second Quarter of 2022

2022-01-04 21:30:00

SMART Global Holdings, Inc. provided earnings guidance for the second quarter of 2022. For the quarter, the company expects net sales will range from approximately $415 million to $455 million, lower than the first quarter, primarily due to seasonality from their LED business as well as the expected quarter-to-quarter variability of thier IPS business. GAAP diluted earnings per share is expected to be approximately $0.70, plus or minus $0.15.

Positive

SMART Global Holdings, Inc., 2 : 1, Stock Split or Significant Stock Dividend, Feb-02-2022

2022-01-03 00:00:00

SMART Global Holdings, Inc., 2 : 1, Stock Split or Significant Stock Dividend, Feb-02-2022

Neutral

SMART Global Holdings, Inc. - Shareholder/Analyst Call

2021-12-21 22:31:00

Annual Meeting of the Shareholders

Negative

SMART Global Holdings, Inc. Announces Board Transitions

2021-12-14 21:31:00

SMART Global Holdings, Inc. announced that Silver Lake-nominated directors Ajay Shah and Jason White will not stand for re-election at the SGH 2022 annual meeting of shareholders, following Silver Lake’s recent sell down of its ownership position in the Company. Mukesh Patel, director and co-founder, will also step down as of the 2022 annual meeting. Ajay Shah will remain as an advisor to the Company after he leaves the board.

Neutral

SMART Global Holdings, Inc. Re-Affirms Guidance for the Second Fiscal Quarter of 2022

2021-12-14 21:31:00

SMART Global Holdings, Inc. re-affirmed guidance for the second fiscal quarter of 2022. There are no changes to the Company's previously shared outlook for the first quarter of fiscal 2022.

Neutral

SMART Global Holdings, Inc., Q1 2022 Earnings Call, Jan 04, 2022

2021-12-07 14:05:00

SMART Global Holdings, Inc., Q1 2022 Earnings Call, Jan 04, 2022

Neutral

SMART Global Holdings, Inc. to Report Q1, 2022 Results on Jan 04, 2022

2021-12-07 14:05:00

SMART Global Holdings, Inc. announced that they will report Q1, 2022 results on Jan 04, 2022

Neutral

SMART Global Holdings, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 12:00 PM

2021-12-03 17:19:00

SMART Global Holdings, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 12:00 PM.

Neutral

SMART Global Holdings, Inc., Annual General Meeting, Feb 11, 2022

2021-10-12 20:14:00

SMART Global Holdings, Inc., Annual General Meeting, Feb 11, 2022, at 10:00 Pacific Standard Time. Agenda: To elect the two nominees for Class II director to serve until the 2025 annual meeting or until their successors are duly elected and qualified; to ratify the selection of Deloitte & Touche LLP as the independent registered public accounting firm for SGH for the current fiscal year; and to provide an advisory, non-binding vote regarding our executive compensation.

Neutral

SMART Global Holdings, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2022

2021-10-12 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the first quarter of fiscal 2022. For the quarter, the company expects net sales to be in the range of $440 million to $480 million and Diluted EPS to be in the range of $1.20 ± $0.20.

Negative

SMART Global Holdings, Inc. Appoints Penelope Herscher to its Board of Director and Member of Its Nominating and Governance Committee

2021-09-28 13:10:00

On September 24, 2021, the Board of Directors of SMART Global Holdings, Inc. appointed Penelope Herscher to the Board, effective September 24, 2021. Ms. Herscher has also been appointed to serve as a member of the Nominating and Corporate Governance Committee. Ms. Herscher is a seasoned technology public company board director, executive and entrepreneur, with more than 15 years of experience as a high-tech CEO in Silicon Valley and more than 10 years of experience serving on public company boards of directors. She currently serves as chair of the board of directors at Lumentum Holdings, Inc., Faurecia SA and several private companies. Ms. Herscher also previously served as a member of the board of directors of Verint Systems, Inc. from 2017 to 2021, PROS Holdings, Inc. from 2018 to 2021 and Rambus, Inc. from 2006 to 2018. Since 2004, Ms. Herscher held various executive positions as CEO of First Rain, Inc., executive vice president and chief marketing officer of Cadence Design Systems, Inc. and CEO of Simplex Solutions.

Neutral

SMART Global Holdings, Inc., Q4 2021 Earnings Call, Oct 12, 2021

2021-09-23 13:05:00

SMART Global Holdings, Inc., Q4 2021 Earnings Call, Oct 12, 2021

Neutral

SMART Global Holdings, Inc. to Report Q4, 2021 Results on Oct 12, 2021

2021-09-23 13:05:00

SMART Global Holdings, Inc. announced that they will report Q4, 2021 results After-Market on Oct 12, 2021

Neutral

SMART Global Holdings, Inc. Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-12-2021 09:00 AM

2021-07-29 20:05:00

SMART Global Holdings, Inc. Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-12-2021 09:00 AM. Speakers: Ken Rizvi, Senior VP & CFO, Mark W. Adams, President, CEO & Director, Suzanne Schmidt, Investor Relations Officer.

Neutral

SMART Global Holdings, Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 11:00 AM

2021-07-28 13:42:00

SMART Global Holdings, Inc. Presents at Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug-24-2021 11:00 AM. Speakers: Mark W. Adams, President, CEO & Director, Thierry Pellegrino, Senior VP & President of SGH Specialty Computing Business.

Neutral

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – the Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021

2021-07-28 08:31:00

Rosenblatt Securities Inc., Rosenblatt Securities Technology Summit – The Age of AI Scaling, Aug 24, 2021 through Aug 26, 2021.

Negative

SMART Global Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $153 million.

2021-07-09 00:00:00

SMART Global Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $153 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,000,000 Price\Range: $51 Discount Per Security: $0.5

Negative

Certain Ordinary Shares of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021.

2021-07-09 00:00:00

Certain Ordinary Shares of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Ordinary Shares will be under lockup for 31 days starting from 9-JUL-2021 to 9-AUG-2021. Details: The selling shareholders have agreed not to sell or transfer any ordinary shares or securities convertible into, exchangeable for, exercisable for, or repayable with ordinary shares, for 30 days after the date of the final prospectus without first obtaining the written consent of Morgan Stanley & Co. LLC.

Negative

Certain Options of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021.

2021-07-09 00:00:00

Certain Options of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Options will be under lockup for 31 days starting from 9-JUL-2021 to 9-AUG-2021. Details: The selling shareholders have agreed not to sell or transfer any ordinary shares or securities convertible into, exchangeable for, exercisable for, or repayable with ordinary shares, for 30 days after the date of the final prospectus without first obtaining the written consent of Morgan Stanley & Co. LLC.

Negative

Certain Restricted Share Units of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021.

2021-07-09 00:00:00

Certain Restricted Share Units of SMART Global Holdings, Inc. are subject to a Lock-Up Agreement Ending on 9-AUG-2021. These Restricted Share Units will be under lockup for 31 days starting from 9-JUL-2021 to 9-AUG-2021. Details: The selling shareholders have agreed not to sell or transfer any ordinary shares or securities convertible into, exchangeable for, exercisable for, or repayable with ordinary shares, for 30 days after the date of the final prospectus without first obtaining the written consent of Morgan Stanley & Co. LLC.

Negative

SMART Global Holdings, Inc. has filed a Follow-on Equity Offering.

2021-07-08 00:00:00

SMART Global Holdings, Inc. has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,000,000

Neutral

SMART Global Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2021

2021-07-06 20:05:00

SMART Global Holdings, Inc. provided earnings guidance for the fourth quarter of fiscal year 2021. For the period, the company expects net sales to be between $440 million to $480 million. Diluted EPS – GAAP to be between $0.95 to $0.15.

Neutral

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $55.235683 million.

2021-07-06 00:00:00

SMART Global Holdings, Inc. has filed a Shelf Registration in the amount of $55.235683 million. Security Name: Ordinary Shares Securities Offered: 1,148,351 Transaction Features: ESOP Related Offering

Fundamental Summary

SMART published their Q1 financial metrics on 2022-04-05 and the results looked mediocre by comparison to their peers. Separately, their growth and income factors looked problematic, but the overall picture statistically showed relatively outstanding metrics when also considering growth factors and their peers' comparative stature and performance. In statistics, this is called the Simpson Paradox (https://www.britannica.com/topic/Simpsons-paradox). Therefore, SMART received an overall score of 75, which translates into a HOLD recommendation.

SMART reported earnings results for the second quarter and six months ended February 25, 2022. For the second quarter, the company reported sales was USD 449.17 million compared to USD 304.01 million a year ago. Revenue was USD 449.17 million compared to USD 304.01 million a year ago. Net income was USD 2.46 million compared to USD 5.84 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.12 a year ago.For the six months, sales was USD 919.12 million compared to USD 595.71 million a year ago. Revenue was USD 919.12 million compared to USD 595.71 million a year ago. Net income was USD 22.49 million compared to USD 7.87 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.16 a year ago.

Business Description

SMART 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 management, temporary warehousing, programming, kitting, and packaging. In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms. Additionally, the company’s LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART in August 2014. SMART was founded in 1988 and is headquartered in Newark, California.

Sector Overview

SMART is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. SMART's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,508.5 14.0% 63
Liabilities 1,153.6 16.4% 90
Price to Book 3.3 -25.0% 82
Cash & Equivalents 365.8 56.9% 95
Equity 348.8 8.0% 75
EBITDA 252.7 17.0% 86
Total Revenues 1,824.6 8.6% 48
Parameter Value Change Score
Return on Equity 12.5 -7.4% 68
Net Cashflow 226.0 227.7% 47
Capital Expenditure -32.9 28.0% 95
Asset Turnover 1.6 -1.7% 54
Free Cashflow 2.3 27.4% 85

* All values are TTM

The below chart reflects SMART's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While SMART's peer average final assessment score stands on 70.0, SMART's score is 75.

  •  SGH
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 0 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 1 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 2 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 3 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 4 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 5 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 6 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 7 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 8 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 9 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 10 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 11 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 12 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 13 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 14 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 15 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 16 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 17 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 18 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 19 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 20 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 21 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 22 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 23 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 24 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 25 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 26 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 27 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 28 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 29 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 30 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 31 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 32 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 33 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 34 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 35 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 36 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 37 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 38 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 39 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 40 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 41 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 42 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 43 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 44 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 45 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 46 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 47 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 48 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 49 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 50 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 51 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 52 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 53 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 54 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 55 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 56 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 58 1
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 59 1
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 60 1
Daqo New Energy Corp. 5.4B 93 65 89
Strong Buy
95
95 61 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 62 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 63 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 64 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 65 1
ACM Research, Inc. 950.7M 52 67 50
Underperform
50
50 66 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 69 1
Magnachip Semiconductor Corporation 681.9M 74 90 57
Buy
83
83 70 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 71 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 72 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 74 1
Meta Materials Inc. 414.9M 41 43 84
Underperform
47
47 75 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 76 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 77 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 78 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 79 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. SMART's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), SMART's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 21.24
52W Low 19.5
52W High 36.5
5D MA 20.5
50D MA 22.88
200D MA 26.42
MACD -0.86
RSI 2.39
STOCH 31.93

Balance Sheet Analysis

Overall, SMART's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. SMART did a great job related to cash and cash equivalents this period, which stood at 365.8, representing a 56.9% change from the previous filing. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 95. Also, SMART has done an excellent job managing its liabilities. SMART's liabilities stood at 1153.6 in the current filing, which represents a 16.4% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. The company's liabilities movement component, therefore, received a grade of 90. On the other hand, Assets, jumped out as looking rather underwhelming. SMART's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 1508.5 and represents a 14.0% change from the previous report. This unimpressive metric is weaker than its peers and competitors. Therefore, their asset component earned a score of 63. The company's balance sheet, Therefore, earned a score of 86.

Parameter Value Change Score
Assets 1,508.5 14.0% 63
Liabilities 1,153.6 16.4% 90
Price to Book 3.3 -25.0% 82
Cash & Equivalents 365.8 56.9% 95
Equity 348.8 8.0% 75
* All values are TTM

The below chart describes SMART's performance as reflected on its balance sheet with respect to its peers. While SMART received a balance sheet score of 86, the average of its peers stands on 71.0.

  •  SGH
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
NVIDIA Corporation 422.4B 78 70 65 97 54 71 0 1
Intel Corporation 157.9B 65 69 76 90 81 77 1 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 2 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 3 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 4 1
Broadcom Inc. 102.5B 67 79 59 56 54 62 5 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 6 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 7 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 8 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 9 1
KLA Corporation 50.5B 75 62 73 53 66 66 10 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 11 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 12 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 13 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 14 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 15 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 16 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 17 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 18 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 19 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 20 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 21 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 22 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 23 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 24 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 25 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 26 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 27 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 28 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 29 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 30 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 31 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 32 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 33 1
Semtech Corporation 3.6B 58 79 68 67 64 67 34 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 35 1
SunPower Corporation 3.2B 72 81 42 83 53 61 36 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 37 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 38 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 39 1
Nova Ltd. 2.8B 86 45 76 48 82 61 40 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 41 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 42 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 43 1
Rambus Inc. 2.4B 43 82 41 95 54 48 44 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 45 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 46 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 47 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 48 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 49 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 50 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 51 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 52 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 53 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 54 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 55 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 56 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 58 1
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 59 1
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 60 1
Daqo New Energy Corp. 5.4B 92 62 81 95 93 93 61 1
SiTime Corporation 3.8B 57 67 65 73 64 58 62 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 63 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 64 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 65 1
ACM Research, Inc. 950.7M 87 57 51 43 50 52 66 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 69 1
Magnachip Semiconductor Corporation 681.9M 56 78 79 72 72 74 70 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 71 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 72 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 74 1
Meta Materials Inc. 414.9M 51 78 42 41 51 41 75 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 76 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 77 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 78 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 79 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 80 1

Income Statement Analysis

Overall, SMART's critical income statement metrics appear to strongly support positive growth going forward. SMART's management was effective in improving its EBIDTA, which now sits at 252.7 and represents a 17.0% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 86. Also, In this filing, SMART reported a return on equity (ROE) ratio of 12.5, which represents a change of -7.4%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 68. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. SMART's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Consequently, their revenue efficiency received a grade of 48. Therefore, their income statement earned a grade of 65.

Parameter Value Change Score
EBITDA 252.7 17.0% 86
Total Revenues 1,824.6 8.6% 48
Return on Equity 12.5 -7.4% 68
* All values are TTM

The below chart describes SMART's performance as reflected on its income statement with respect to its peers. While SMART received a income statement score of 65 , the average of its peers stands on 67.0.

  •  SGH
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 422.4B 46 83 68 63 0 1
Intel Corporation 157.9B 90 55 73 76 1 1
Texas Instruments Incorporated 143.5B 69 78 71 74 2 1
QUALCOMM Incorporated 142.4B 48 87 79 66 3 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 4 1
Broadcom Inc. 102.5B 59 80 90 71 5 1
Applied Materials, Inc. 84.9B 72 68 73 72 6 1
Analog Devices, Inc. 78.3B 40 91 93 65 7 1
Micron Technology, Inc. 65.6B 59 88 90 74 8 1
Lam Research Corporation 62.4B 80 63 75 74 9 1
KLA Corporation 50.5B 56 77 77 67 10 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 11 1
Marvell Technology, Inc. 40.5B 41 89 88 64 12 1
Microchip Technology Incorporated 33.6B 57 83 92 71 13 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 14 1
ON Semiconductor Corporation 23.5B 53 92 94 73 15 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 16 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 17 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 18 1
Teradyne, Inc. 15.7B 88 57 62 75 19 1
Entegris, Inc. 14.2B 56 80 80 69 20 1
Qorvo, Inc. 10.6B 76 65 63 71 21 1
First Solar, Inc. 7.5B 98 43 40 73 22 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 23 1
MKS Instruments, Inc. 6.0B 78 66 65 74 24 1
Universal Display Corporation 5.4B 71 63 61 68 25 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 26 1
CMC Materials, Inc. 5.2B 72 76 93 76 27 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 28 1
Synaptics Incorporated 5.1B 45 91 90 68 29 1
Power Integrations, Inc. 4.5B 80 76 83 80 30 1
Amkor Technology, Inc. 4.3B 63 76 77 70 31 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 32 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 33 1
Semtech Corporation 3.6B 64 84 87 75 34 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 35 1
SunPower Corporation 3.2B 49 43 72 49 36 1
FormFactor, Inc. 3.1B 79 76 83 80 37 1
Diodes Incorporated 3.1B 66 84 86 76 38 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 39 1
Nova Ltd. 2.8B 41 89 78 70 40 1
MaxLinear, Inc. 2.7B 56 92 96 75 41 1
Ambarella, Inc. 2.7B 56 89 79 71 42 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 43 1
Rambus Inc. 2.4B 48 85 62 64 44 1
Canadian Solar Inc. 2.2B 73 76 53 72 45 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 46 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 47 1
Himax Technologies, Inc. 1.6B 53 84 66 70 48 1
Impinj, Inc. 1.4B 64 53 52 59 49 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 50 1
Cohu, Inc. 1.4B 92 53 49 75 51 1
Photronics, Inc. 1.3B 55 86 92 71 52 1
Veeco Instruments Inc. 1.0B 66 84 91 76 53 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 54 1
PDF Solutions, Inc. 813.0M 49 95 89 71 55 1
CEVA, Inc. 804.5M 51 90 97 71 56 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 57 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 58 1
Enphase Energy, Inc. 27.8B 45 74 55 57 59 1
Wolfspeed, Inc. 8.7B 49 90 86 69 60 1
Daqo New Energy Corp. 5.4B 37 96 94 65 61 1
SiTime Corporation 3.8B 39 93 78 64 62 1
Onto Innovation Inc. 3.7B 47 87 89 67 63 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 64 1
Camtek Ltd. 1.1B 50 81 71 68 65 1
ACM Research, Inc. 950.7M 88 42 42 67 66 1
NeoPhotonics Corporation 837.4M 45 95 90 69 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
indie Semiconductor, Inc. 752.7M 37 47 69 43 69 1
Magnachip Semiconductor Corporation 681.9M 94 80 88 90 70 1
Mykrolis Corp. 657.1M 68 68 58 67 71 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 72 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 74 1
Meta Materials Inc. 414.9M 37 45 70 43 75 1
Helix Technology Corporation 364.9M 89 47 51 74 76 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 77 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 78 1
CyberOptics Corporation 278.5M 54 87 87 71 79 1
Transphorm, Inc. 260.9M 37 81 97 68 80 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in SMART's recent report: Capex and Free Cash flow. SMART's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. SMART recorded CapEx of -32.9, which represents 28.0% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 95. Also, SMART's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. SMART recorded free cash flow of 2.3, which represents a 27.4% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Therefore, its free cash flow movement earned a score of 85. At the same time, one critical cash flow metric, Net Cash Flow, was notably weak. SMART's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 226.0 and represented a 227.7% change from the previous period. SMART's net cash flow metrics are especially disappointing relative to their peers. Its net cash flow, therefore, received a grade of 47. Therefore, we scored their cash flow a 62.

Parameter Value Change Score
Net Cashflow 226.0 227.7% 47
Capital Expenditure -32.9 28.0% 95
Asset Turnover 1.6 -1.7% 54
Free Cashflow 2.3 27.4% 85
* All values are TTM

The below chart describes SMART's performance as reflected on its cash flow with respect to its peers. While SMART received a cash flow score of 62, the average of its peers stands on 67.0.

  •  SGH
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 422.4B 93 65 61 86 82 0 1
Intel Corporation 157.9B 57 72 68 53 58 1 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 2 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 3 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 4 1
Broadcom Inc. 102.5B 74 76 87 89 85 5 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 6 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 7 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 8 1
Lam Research Corporation 62.4B 72 60 56 75 68 9 1
KLA Corporation 50.5B 70 76 52 79 74 10 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 11 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 12 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 13 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 14 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 15 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 16 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 17 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 18 1
Teradyne, Inc. 15.7B 75 65 66 68 68 19 1
Entegris, Inc. 14.2B 60 57 50 77 65 20 1
Qorvo, Inc. 10.6B 78 65 87 71 73 21 1
First Solar, Inc. 7.5B 46 84 56 46 53 22 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 23 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 24 1
Universal Display Corporation 5.4B 74 81 68 65 71 25 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 26 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 27 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 28 1
Synaptics Incorporated 5.1B 85 62 98 55 67 29 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 30 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 31 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 32 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 33 1
Semtech Corporation 3.6B 79 78 58 79 78 34 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 35 1
SunPower Corporation 3.2B 84 41 39 93 74 36 1
FormFactor, Inc. 3.1B 78 81 66 58 68 37 1
Diodes Incorporated 3.1B 77 61 52 80 72 38 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 39 1
Nova Ltd. 2.8B 58 53 39 56 54 40 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 41 1
Ambarella, Inc. 2.7B 84 95 45 75 80 42 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 43 1
Rambus Inc. 2.4B 96 73 89 89 90 44 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 45 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 46 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 47 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 48 1
Impinj, Inc. 1.4B 70 38 85 73 65 49 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 50 1
Cohu, Inc. 1.4B 92 62 71 44 59 51 1
Photronics, Inc. 1.3B 65 92 96 79 83 52 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 53 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 54 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 55 1
CEVA, Inc. 804.5M 57 54 84 83 71 56 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 58 1
Enphase Energy, Inc. 27.8B 89 77 64 40 60 59 1
Wolfspeed, Inc. 8.7B 57 74 76 46 55 60 1
Daqo New Energy Corp. 5.4B 78 86 63 96 89 61 1
SiTime Corporation 3.8B 83 87 56 44 62 62 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 63 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 64 1
Camtek Ltd. 1.1B 69 70 74 72 71 65 1
ACM Research, Inc. 950.7M 62 43 50 54 50 66 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 69 1
Magnachip Semiconductor Corporation 681.9M 65 56 76 54 57 70 1
Mykrolis Corp. 657.1M 65 69 68 82 75 71 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 72 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 74 1
Meta Materials Inc. 414.9M 85 56 68 97 84 75 1
Helix Technology Corporation 364.9M 75 62 63 56 61 76 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 77 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 78 1
CyberOptics Corporation 278.5M 49 74 89 78 72 79 1
Transphorm, Inc. 260.9M 81 87 96 94 88 80 1

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