BlackRock Amends SGH Holdings, Signals Ownership Change

Ticker: PENG · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z

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

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.

From the Filing

0001086364-24-000802.txt : 20240122 0001086364-24-000802.hdr.sgml : 20240122 20240122140306 ACCESSION NUMBER: 0001086364-24-000802 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMART Global Holdings, Inc. CENTRAL INDEX KEY: 0001616533 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 981013909 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0826 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89997 FILM NUMBER: 24548114 BUSINESS ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 BUSINESS PHONE: (510) 623-1231 MAIL ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 kyg8232y1017_012224.txt kyg8232y1017_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) SMART Global Holdings Inc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) BYPBTG4 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. BYPBTG4 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 8185958 (6) Shared voting power 0 (7) Sole dispositive power 8277124 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 8277124 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 16.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SMART Global Holdings Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 39870 EUREKA DRIVE NEWARK CA 94560-4809 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ---------------

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