Opinions
The Panic-Proof Portfolio (Stockchase Research)
SMART Global Holdings, Inc.
SGH-Q
TOP PICK
Oct 11, 2022
Stock price when the opinion was issued
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We again reiterate this manufacturer of upgraded memory chips for everything from cloud storage to AI, as a TOP PICK. Recently reported earnings support a 15% ROE and the company trades at 2.6x book value. We like that the company is aggressively retiring debt and buying back shares, while still managing to grow cash reserves. We recommend trailing up the stop-loss (from $12) to $14, looking to achieve $24.50 -- upside potential over 34%. Yield 0%
(Analysts’ price target is $24.50)Our PAST TOP PICK with SGH has triggered its stop at $15. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 4% when combined with the previous buy recommendation.
About smart modular technologies smart modular technologies is a global leader in specialty memory, storage and hybrid solutions serving the electronics industry for over 25 years. smart modular delivers solutions to a broad customer base, including oems that compete in the computing, networking, communications, storage, mobile and industrial markets. Focused on providing extensive customer-specific design capabilities, technical support and value-added testing services, smart collaborates closely with their global oem customers throughout their design process and across multiple projects to create memory, storage and hybrid solutions for demanding applications with differentiated requirements.