BlackRock Amends SGH Holdings, Signals Ownership Change
Ticker: PENG · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1616533
| Field | Detail |
|---|---|
| Company | Smart Global Holdings, Inc. (PENG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its SGH stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of SMART Global Holdings Inc. common stock as of December 31, 2023. This is the sixth amendment to their Schedule 13G, filed under Rule 13d-1(b). This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their sentiment about the company's future prospects, potentially influencing other investors and the stock price.
Why It Matters
Changes in major institutional ownership can influence investor sentiment and stock price, as large funds often conduct extensive due diligence.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, though the underlying change in ownership could be interpreted differently.
Analyst Insight
Investors should review BlackRock's previous SC 13G filings for SMART Global Holdings Inc. to understand the magnitude and direction of the change in ownership, as this filing is an amendment (Amendment No: 6) and does not detail the specific percentage or share count change within the provided text.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- SMART Global Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- BYPBTG4 (other) — the SEDOL number for SMART Global Holdings Inc. Common Stock
FAQ
What type of filing is this and what does it indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates a change in beneficial ownership of securities by a passive institutional investor, in this case, BlackRock Inc., regarding SMART Global Holdings Inc. common stock.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a large asset management firm with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company is SMART Global Holdings, Inc., identified by CIK 0001616533, which operates in the Semiconductors & Related Devices industry.
When was the event that triggered this filing?
The event which required the filing of this statement occurred on December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding SMART Global Holdings, Inc. (PENG).