149,173 Shares in Penguin Solutions, Inc. $PENG Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 149,173 shares of the company’s stock, valued at approximately $3,920,000. SG Americas Securities LLC owned approximately 0.28% of Penguin Solutions at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada purchased a new position in Penguin Solutions during the first quarter valued at approximately $7,250,000. Amundi purchased a new position in shares of Penguin Solutions during the 1st quarter valued at $373,000. AQR Capital Management LLC acquired a new position in shares of Penguin Solutions in the first quarter worth $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Penguin Solutions during the first quarter worth $538,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Penguin Solutions during the first quarter valued at $3,259,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. JMP Securities restated a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research note on Wednesday, January 7th. Stifel Nicolaus increased their price target on shares of Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Penguin Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $28.71.

Penguin Solutions Stock Performance

NASDAQ PENG opened at $19.08 on Monday. The company’s fifty day moving average is $20.25 and its two-hundred day moving average is $22.70. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80. 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 capitalization of $1.00 billion, a price-to-earnings ratio of 82.96 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The business had revenue of $343.07 million for the quarter, compared to the consensus estimate 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. Equities research analysts forecast that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Penguin Solutions 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.