Penguin Solutions’ (PENG) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a research note published on Tuesday,Benzinga reports. Needham & Company LLC currently has a $25.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on PENG. Weiss Ratings reiterated a “hold (c-)” rating on shares of Penguin Solutions in a report on Thursday, January 22nd. Wall Street Zen cut Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JMP Securities reissued a “market outperform” rating and set a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 8th. The Goldman Sachs Group started coverage on Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $17.44 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The stock’s 50-day moving average is $20.12 and its two-hundred day moving average is $22.33. The firm has a market cap of $916.65 million, a P/E ratio of 75.83 and a beta of 2.23.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC boosted its position in shares of Penguin Solutions by 27.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 60,830 shares of the company’s stock valued at $1,190,000 after acquiring an additional 13,241 shares during the period. New York State Teachers Retirement System increased its position in Penguin Solutions by 37.4% during the fourth quarter. New York State Teachers Retirement System now owns 16,850 shares of the company’s stock worth $330,000 after acquiring an additional 4,588 shares during the period. Torren Management LLC acquired a new position in Penguin Solutions during the 4th quarter valued at $48,000. M&T Bank Corp boosted its holdings in Penguin Solutions by 7.0% in the 4th quarter. M&T Bank Corp now owns 10,851 shares of the company’s stock valued at $212,000 after purchasing an additional 706 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Penguin Solutions by 187.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after purchasing an additional 946 shares during the last quarter.

About Penguin Solutions

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.