SMART Global Says SK Telecom Is Making $200M Preferred Equity Investment

7/15/24 4:32:01 PM ET

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SGH plans to use the capital from SKT's investment to enhance SGH's capabilities and add to the Company's financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings.

SKT's current AI-related investments and partnerships include Anthropic, Lambda, and Perplexity. Along with these investments, a partnership and investment with SGH will advance SKT's goals in the AI value chain across these three pillars: AI semiconductor, AI infrastructure and AI services.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
SK Telecom Co. Ltd. $SKM	5/8/2024		Reduce → Neutral	Nomura
SMART Global Holdings Inc. $SGH	10/13/2023	$37.00 → $22.00	Buy	Needham
SMART Global Holdings Inc. $SGH	6/30/2022	$45.00 → $40.00	Buy	Needham
SMART Global Holdings Inc. $SGH	2/2/2022	$100.00 → $50.00	Buy	Rosenblatt
SMART Global Holdings Inc. $SGH	1/5/2022	$60.00 → $82.00	Overweight	Barclays
SMART Global Holdings Inc. $SGH	12/27/2021	$75.00 → $100.00	Buy	Rosenblatt
SMART Global Holdings Inc. $SGH	10/13/2021	$75.00 → $85.00	Buy	Needham
SMART Global Holdings Inc. $SGH	7/7/2021	$65.00 → $75.00	Buy	Needham

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SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) announced that Nate Olmstead has joined the company today as senior vice president and chief financial officer ("CFO"), reporting to SGH president and chief executive officer ("CEO") Mark Adams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626112558/en/Nate Olmstead has joined SGH as senior vice president and chief financial officer, reporting to SGH president and chief executive officer Mark Adams. As CFO, Olmstead will lead SGH's worldwide finance organization. (Photo: Business Wire) "We are delighted to announce that Nate Olmstead has joined SGH to lead our finance organiz
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SGH Appoints Mary G. Puma as Independent Member of Board of Directors
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023. Puma previously served as president and CEO of Axcelis Technologies, Inc. ("Axcelis"), a publicly held company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, from January 2002 to May 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230719761897/en/SGH (SMART Global Holdings) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023. (Photo: Business Wire) "We are excited to welcome Mary to ou
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SGH Strengthens Leadership Team
Experienced HR leader to foster people-first culture SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Michael Wellman as the Company's Chief Human Resources Officer. Wellman will lead the company's worldwide Human Resources organization with a focus on developing and executing employee programs centered on engaging and motivating teams to drive the company's strategic priorities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230406005716/en/Michael Wellman has been appointed as Chief Human Resources Officer for SMART Global Holdings (SGH). (Photo: Business Wire) "At SGH, our core values star
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SK Telecom Unveils 'Aster(A*),' Its New Global AI Personal Agent at SK AI Summit 2024
- On the second day of the SK AI Summit 2024, SK Telecom introduced Aster(A*), an AI-driven personal assistant designed for global users - Aster is designed as an 'Agentic AI,' which goes beyond answering simple queries by understanding user intentions to set goals and complete tasks - SK Telecom plans to collaborate with global search providers, LLM developers, and third-party applications to enhance Aster's functionalities for North American users SEOUL, South Korea, Nov. 4, 2024 /PRNewswire/ -- SK Telecom (NYSE:SKM) today unveiled 'Aster(A*)', an artificial intelligence (AI)-driven personal assistant tailored for global users, at the SK AI Summit 2024. Aster, presented on the second day o
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Cree LED Partners with IDC Componentes and Ilumiled to Brighten Downtown Querétaro Mexico
Santiago de Querétaro replaces all downtown lighting with high-efficiency LEDs, improving light quality while cutting power consumption by more than half Cree LED, an SGH company (NASDAQ:SGH), today announced the city of Santiago de Querétaro in central Mexico has tapped IDC Componentes (IDC2) and Ilumiled to upgrade all of its downtown lighting—a project that will replace 1600 sodium-based lamps with LED fixtures. Authorized by the state and municipal governments, the upgrade maintains the downtown area's light color and softness while improving the light uniformity and cutting power consumption by more than half over the next five to 10 years. This press release features multimedia. View
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SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, SGH Q4 FY24 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1 833-470-1428 (domestic), or +1 929-526-1599 (international) using the access code 916986. Re
9/24/24 4:05:00 PM ET
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Financials

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SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call
SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call. Webcast Information: To access the live webcast, SGH Q4 FY24 Earnings Call Webcast Conference Call Information: Participants may also listen to the conference call by dialing: +1 833-470-1428 (domestic), or +1 929-526-1599 (international) using the access code 916986. Re
9/24/24 4:05:00 PM ET
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SGH Announces $200 Million Strategic Investment from SK Telecom to Advance End-to-End AI Infrastructure Solutions
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that SK Telecom ("SKT") (NYSE:SKM), an affiliate of SK Group, is making a $200 million preferred equity investment in SGH. SGH plans to use the capital from SKT's investment to enhance SGH's capabilities and add to the Company's financial flexibility as SGH further expands the scope and scale of its Penguin Solutions branded end-to-end AI factory offerings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715061470/en/(L to R) Ryu Young-sang, CEO of SKT, and Mark Adams,
7/15/24 4:30:00 PM ET
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SGH Reports Third Quarter Fiscal 2024 Financial Results
Sequential Revenue Growth Drives GAAP EPS of $0.10, Non-GAAP EPS of $0.37 SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQ:SGH) today reported financial results for the third quarter of fiscal 2024. Third Quarter Fiscal 2024 Highlights Net sales of $300.6 million, up 5.5% versus the prior quarter GAAP gross margin of 29.6% versus 28.8% in the prior quarter Non-GAAP gross margin of 32.3% versus 31.5% in the prior quarter GAAP EPS of $0.10 versus $(0.26) in the prior quarter Non-GAAP EPS of $0.37 versus $0.27 in the prior quarter, up 37% quarter over quarter "We are pleased with our Q3 operating results and continued progress in our transformation into a high
7/9/24 4:05:00 PM ET
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SMART Global Says SK Telecom Is Making $200M Preferred Equity Investment

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Recent Analyst Ratings for $SGH$SKM

$SGH$SKM Leadership Updates

Live Leadership Updates

SGH Appoints Nate Olmstead as SVP and Chief Financial Officer

SGH Appoints Mary G. Puma as Independent Member of Board of Directors

SGH Strengthens Leadership Team

$SGH$SKM Press Releases

Fastest customizable press release news feed in the world

SK Telecom Unveils 'Aster(A*),' Its New Global AI Personal Agent at SK AI Summit 2024

Cree LED Partners with IDC Componentes and Ilumiled to Brighten Downtown Querétaro Mexico

SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call

$SGH$SKM Financials

Live finance-specific insights

SGH Announces Fourth Quarter and Full Year Fiscal 2024 Financial Conference Call

SGH Announces $200 Million Strategic Investment from SK Telecom to Advance End-to-End AI Infrastructure Solutions

SGH Reports Third Quarter Fiscal 2024 Financial Results

$SGH$SKM Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G/A filed by SMART Global Holdings Inc. (Amendment)

SEC Form SC 13G/A filed by SMART Global Holdings Inc. (Amendment)

SEC Form SC 13G filed by SMART Global Holdings Inc.

$SGH$SKM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP, COO, Pres, Mem Solutions Pacheco Jack A was granted 18,937 units of Ordinary Shares, increasing direct ownership by 9% to 230,833 units (SEC Form 4)

SVP and CFO Olmstead Nathan was granted 25,250 units of Ordinary Shares, increasing direct ownership by 41% to 86,581 units (SEC Form 4)

President, IPS Manca Peter J was granted 25,250 units of Ordinary Shares, increasing direct ownership by 24% to 131,292 units (SEC Form 4)

$SGH$SKM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Adams Mark bought $187,896 worth of Ordinary Shares (10,000 units at $18.79) (SEC Form 4)

Rizvi Ken bought $24,417 worth of Ordinary Shares (1,800 units at $13.57), increasing direct ownership by 1% to 165,883 units (SEC Form 4)

$SGH$SKM SEC Filings

SEC Form 6-K filed by SK Telecom Co. Ltd.

SEC Form 6-K filed by SK Telecom Co. Ltd.

SEC Form 6-K filed by SK Telecom Co. Ltd.

$SGH$SKM Market Insights

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9 Analysts Have This To Say About SMART Glb Hldgs

Stifel Maintains Buy on SMART Glb Hldgs, Raises Price Target to $32

Needham Maintains Buy on SMART Glb Hldgs, Raises Price Target to $35

$SGH$SKM Analyst Ratings

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SK Telecom upgraded by Nomura

Needham resumed coverage on SMART Global with a new price target

Needham reiterated coverage on SMART Global with a new price target

Recent Analyst Ratings for
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Large Ownership Changes

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