Penguin Solutions (NASDAQ:PENG) Shares Down 9.5% – What’s Next?

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) were down 9.5% during trading on Tuesday . The stock traded as low as $17.60 and last traded at $17.9160. Approximately 296,986 shares changed hands during trading, a decline of 78% from the average daily volume of 1,369,466 shares. The stock had previously closed at $19.80.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted 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. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday, January 22nd. Wall Street Zen downgraded Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Trading Down 8.9%

The stock’s fifty day simple moving average is $20.24 and its 200-day simple moving average is $22.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. The firm has a market cap of $947.71 million, a PE ratio of 78.23 and a beta of 2.24.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The business had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts forecast that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Penguin Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Penguin Solutions by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock valued at $173,253,000 after buying an additional 25,804 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Penguin Solutions in the third quarter valued at about $60,264,000. American Century Companies Inc. boosted its stake in shares of Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after buying an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Penguin Solutions by 2.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after acquiring an additional 27,900 shares during the period. Finally, Barclays PLC grew its position in Penguin Solutions by 46.9% during the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock worth $27,730,000 after buying an additional 336,644 shares in 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.