The Weekly Buzzing Stocks by Billy Kawasaki SMART Global Holdings, Inc. SGH-Q TOP PICK Jun 29, 2023

Stockchase Research Editor: Michael O'Reilly In the world of semiconductors, SGH is the manufacturer of upgraded chips that are in high demand now. Recently reported revenues were up over 55%, easily beating consensus. Management upgraded their guidance on net sales to $440-$480 million, compared to consensus of $439 million -- a bullish sentiment. EPS has grown over 50% annually over the past five years. We would buy this with a stop loss at $42.50, looking to achieve $70 -- upside potential over 21%. Yield 0% (Analysts’ price target is $65.67)

(A Top Pick Jul 07/21, Down 24.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SGH has triggered our stop at $42.50. We recommend covering the position at this time. We will look for better opportunities.

Stockchase Research Editor: Michael O'Reilly In the world of semiconductors, SGH is the manufacturer of upgraded memory chips that are in high demand now. Recently reported earnings beat consensus by 20%, supporting an impressive 42% ROE. The company trades at 11x earnings and under 2x book value. We would buy this with a stop loss at $10, looking to achieve $20 -- upside potential over 48%. Yield 0% (Analysts’ price target is $27.83)

(A Top Pick Oct 11/22, Up 7.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with DSGH is progressing well. To remain disciplined, we recommend trailing up the stop to $12.

Stockchase Research Editor: Michael O'Reilly We reiterate SHG, a manufacturer of upgraded memory chips for everything from cloud storage to AI, as a TOP PICK. Recently reported earnings beat consensus by 20%, supporting an impressive 42% ROE with net sales up 21% over the year. The company trades at 13x earnings and 2.2x book value. We recommend keeping the stop loss at $12, looking to achieve $24 -- upside potential over 47%. Yield 0% (Analysts’ price target is $24.00)

Stockchase Research Editor: Michael O'Reilly

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)

(A Top Pick Feb 09/23, Up 4.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with SHG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $14) to $15 at this time. 

(A Top Pick Feb 09/23, Down 15.8%)Stockchase Research Editor: Michael O'Reilly

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.