Smart Global Intrinsic Stock Value – Principal Financial Group Cuts Stake in SMART Global Holdings, by 17933 Shares

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Principal Financial Group Inc. recently made a move to cut their stake in SMART ($NASDAQ:SGH) Global Holdings, Inc. by 17933 shares. Their product offering includes DRAM and NAND memory modules, solid state drives (SSDs), memory cards, and USB flash drives. They also provide engineering services to their customers in the design, development, and production of their products. The company is headquartered in Fremont, California and their products are used across the world in various industries.

The sale of 17933 shares by Principal Financial Group Inc. marks a significant shift in their investment in SMART Global Holdings, Inc. This is not the first time Principal Financial Group Inc. has made this type of move, indicating that they may be reevaluating their investment strategy in the company. While the financial implications of this sale remain to be seen, one thing is for certain: Principal Financial Group Inc. is sending a strong signal that they are not as committed to SMART Global Holdings, Inc. as they once were.

Price History

This decision was made on Friday when the stock opened at $16.4 and closed at the same price, increasing by 0.4% from the previous closing price of $16.4. The move by Principal Financial Group Inc. has come as a surprise to many who were expecting them to remain invested in the company. Although the exact reasons for their divestment remain unclear, it could be a sign of a shift in their investments or a sign of financial instability within the company. Whatever the case may be, this decision will certainly have an impact on the stock price of SMART Global Holdings, Inc. in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Smart Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Smart Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Smart Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Smart Global are shown below. More…

Analysis – Smart Global Intrinsic Stock Value

At GoodWhale, we recently conducted an analysis of SMART GLOBAL‘s wellbeing. Our proprietary Valuation Line resulted in a fair value of $18.7 for the SMART GLOBAL share. This indicates that the stock is currently undervalued, trading at $16.4, a 12.1% discount. Therefore, this could be a good time to invest in SMART GLOBAL and capitalize on its current price. We believe that investors can benefit from taking this opportunity and investing in SMART GLOBAL. More…

Peers

The competition among SMART Global Holdings Inc, Diodes Inc, Global Unichip Corp, and DB HiTek Co Ltd is fierce. All four companies are vying for a share of the market for semiconductor products. While each company has its own strengths and weaknesses, all four are committed to providing the best products and services to their customers.

– Diodes Inc ($NASDAQ:DIOD)

Diodes Inc is a leading manufacturer of semiconductor products. Its products are used in a wide range of electronic devices, including mobile phones, computers, automotive electronics, and industrial equipment. The company has a market cap of 3.14B as of 2022 and a Return on Equity of 22.49%. Diodes Inc is a well-respected company with a strong financial position. It is a leader in its industry and its products are in high demand. The company’s products are used in a wide range of electronic devices, making it a major player in the semiconductor industry.

– Global Unichip Corp ($TWSE:3443)

Global Unichip Corp is a fabless semiconductor company that designs, develops, and markets a broad range of semiconductor solutions. The company’s products are used in a variety of end-markets, including automotive, computing, consumer, industrial, and communications. Global Unichip’s market cap is $59.84B as of 2022, and its return on equity is 28.78%. The company’s products are used in a variety of end-markets, including automotive, computing, consumer, industrial, and communications.

– DB HiTek Co Ltd ($KOSE:000990)

Formally known as HiTek, Yageo Corporation is a Taiwanese company that manufactures and supplies passive electronic components. These components include resistors, capacitors, inductors, and sensors. Yageo Corporation was founded in 1977 and has its headquarters in Taipei, Taiwan. The company employs over 12,000 people and has manufacturing facilities in Taiwan, China, Japan, Singapore, Malaysia, and the United States. Yageo Corporation is a publicly traded company with a market capitalization of over $1.8 trillion as of 2022. The company has a return on equity of 33.11%. Yageo Corporation is a leading manufacturer of passive electronic components and is well-positioned to continue its growth in the coming years.

Summary

Analysts suggest that this move implies a decreased confidence in the company’s potential performance in the near future. This has caused some concerns over the firm’s prospects and investors may want to watch closely for any changes in the company’s performance. There have been no notable news stories or updates to suggest any major shifts in the company, but investors should do their own research. Despite the recent news, there is still potential for long-term growth and investment in SMART Global and investors should remain aware of any updates or shifts in the company’s performance.