Mirae Asset Global Investments Co. Ltd. Divests from SMART Global Holdings, with 2374 Share Sale

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On Monday, Mirae Asset Global Investments Co. Ltd. divested from SMART ($NASDAQ:SGH) Global Holdings, Inc with the sale of 2374 of its shares. SMART Global Holdings, Inc. is an American holding company that provides total solutions for its customers from design to manufacturing of electronic products. Headquartered in California, the company has operations in the United States, Canada, Mexico, Brazil, and Asia. It focuses on the design, production, and sale of memory modules and other custom-designed products for original equipment manufacturers, system integrators, and retailers. SMART Global Holdings, Inc. has a broad portfolio of products and services that include DRAM and flash memory modules, embedded computing products, storage devices, wired networking products, and wireless products.

The company is also a leader in the research and development of new cutting-edge technologies such as artificial intelligence, Machine Learning, and Internet of Things. The move signals that the company is looking to move its focus towards different investments in the near future. Ultimately, the divestment from SMART Global Holdings, Inc. reflects an ongoing trend within the market and highlights the company’s commitment to diversifying its investments and staying on top of industry trends.

Share Price

The sale of the shares took place at a time when global markets have been facing increased volatility due to the coronavirus pandemic. This divestment marks another step in Mirae Asset Global Investments Co. Ltd.’s strategy to diversify its portfolio and reduce its exposure to the volatile market conditions. 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

At GoodWhale, we have conducted an analysis of SMART GLOBAL‘s wellbeing. According to our Risk Rating, SMART GLOBAL is a high risk investment in terms of its financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of the company. If you want to check the details out, you can register on our website goodwhale.com. We provide comprehensive information on the company’s standing which can help you make an informed decision. 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

Mirae Asset Global Investments Co. Ltd. recently sold 2374 shares of SMART Global Holdings, Inc., a leading provider of specialty memory solutions. This sale is indicative of a bearish sentiment towards investing in SMART Global. An analysis of the company’s financials and recent market trends can provide a clearer picture of the potential risks and rewards of investing in SMART Global. Analysts suggest that investors look at factors such as market share, competitive landscape, customer base, product innovation, and potential regulations to determine whether SMART Global is a good fit for their portfolio.

Additionally, the company’s financial statements should be evaluated closely to ensure that there is enough cash flow and profits to support long-term growth. Ultimately, investors should be cautious when investing in SMART Global as it is a relatively new stock with considerable risk involved.