Penguin Solutions, Inc. $PENG Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its position in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 115.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 173,406 shares of the company’s stock after purchasing an additional 92,737 shares during the quarter. CWA Asset Management Group LLC owned approximately 0.33% of Penguin Solutions worth $4,557,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PENG. Alliancebernstein L.P. purchased a new stake in shares of Penguin Solutions during the first quarter worth $28,919,000. Think Investments LP purchased a new position in shares of Penguin Solutions in the first quarter worth about $15,713,000. CSM Advisors LLC acquired a new position in Penguin Solutions during the second quarter worth about $11,913,000. Royal Bank of Canada purchased a new stake in Penguin Solutions during the 1st quarter valued at about $7,250,000. Finally, JPMorgan Chase & Co. raised its holdings in Penguin Solutions by 71.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 986,633 shares of the company’s stock valued at $19,545,000 after acquiring an additional 411,527 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PENG. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research report on Wednesday, December 31st. Zacks Research lowered Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price target on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Price Performance

PENG stock opened at $20.28 on Monday. The business has a fifty day moving average of $20.51 and a two-hundred day moving average of $22.70. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 69.93 and a beta of 2.23. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $337.92 million for the quarter, compared to analyst estimates of $342.11 million. Penguin Solutions had a return on equity of 14.45% and a net margin of 1.82%.Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. As a group, research analysts anticipate that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

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.