State Street Amends SMART Global Holdings Stake
Ticker: PENG · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1616533
| Field | Detail |
|---|---|
| Company | Smart Global Holdings, Inc. (PENG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**State Street updated its stake in SMART Global Holdings; keep an eye on institutional moves.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 25, 2024, indicating its ownership of SMART Global Holdings Inc. common stock as of December 31, 2023. This filing is an amendment, meaning State Street previously reported its stake and is now updating that information. For investors, this matters because State Street is a significant institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in SMART Global Holdings' future prospects.
Why It Matters
This filing shows State Street Corporation's updated position in SMART Global Holdings, providing transparency into a major institutional investor's holdings.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present significant risk.
Analyst Insight
Investors should note State Street's continued presence as an institutional holder, but this filing alone doesn't provide enough detail to warrant a specific buy/sell action. Further analysis of the actual percentage of ownership and changes from previous filings would be needed.
Key Numbers
- G8232Y101 — CUSIP Number (identifies SMART Global Holdings Inc. common stock)
- 005-89997 — SEC File Number (identifies SMART Global Holdings Inc. with the SEC)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- SMART Global Holdings, Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000194 (dollar_amount) — accession number for the filing
- January 25, 2024 (date) — date the filing was made
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will continue to be a significant institutional holder of SMART Global Holdings Inc. stock. (State Street Corporation) — medium confidence, target: Next 12 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating an update to previously reported beneficial ownership.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. 04-2456637.
What is the subject company whose securities are being reported?
The subject company is SMART Global Holdings, Inc., identified by CUSIP Number G8232Y101.
What was the 'date of event' that required this filing?
The 'date of event which requires filing of this statement' was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13D-1 (B), 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 25, 2024 regarding SMART Global Holdings, Inc. (PENG).