Penguin Solutions (NASDAQ:PENG) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Penguin Solutions (NASDAQ:PENG) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other equities analysts have also issued reports on PENG. The Goldman Sachs Group initiated coverage on Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price for the company. Stifel Nicolaus raised their target price on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research report on Wednesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a report on Monday, January 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $26.00 price objective on shares of Penguin Solutions in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Trading Down 0.2%

Shares of PENG stock opened at $19.96 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The company has a market cap of $1.05 billion, a PE ratio of 86.78 and a beta of 2.23. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The stock’s fifty day moving average price is $20.01 and its two-hundred day moving average price is $22.68.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The business had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Equities analysts predict that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Institutional Trading of Penguin Solutions

A number of institutional investors and hedge funds have recently modified their holdings of PENG. Vanguard Group Inc. boosted its holdings in shares of Penguin Solutions by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after acquiring an additional 25,804 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Penguin Solutions in the third quarter worth $60,264,000. American Century Companies Inc. grew its holdings in shares of Penguin Solutions by 35.3% during the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after purchasing an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after buying an additional 27,900 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Penguin Solutions by 46.9% in the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock valued at $27,730,000 after buying an additional 336,644 shares during the last quarter.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.