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

CWA Asset Management Group LLC increased its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 115.0% in the third quarter, HoldingsChannel.com reports. The firm owned 173,406 shares of the company’s stock after buying an additional 92,737 shares during the period. CWA Asset Management Group LLC’s holdings in Penguin Solutions were worth $4,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PENG. MetLife Investment Management LLC acquired a new position in Penguin Solutions during the first quarter worth $541,000. Corebridge Financial Inc. purchased a new stake in shares of Penguin Solutions in the 1st quarter valued at $473,000. Royal Bank of Canada acquired a new position in Penguin Solutions during the 1st quarter worth about $7,250,000. Cubist Systematic Strategies LLC purchased a new position in Penguin Solutions during the 1st quarter valued at about $803,000. Finally, Amundi acquired a new position in Penguin Solutions in the 1st quarter valued at about $373,000.

Wall Street Analyst Weigh In

PENG has been the topic of a number of recent research reports. Zacks Research lowered shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Stifel Nicolaus raised their price target on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Wednesday, December 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Trading Up 3.7%

NASDAQ PENG opened at $20.28 on Monday. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80. The stock has a market capitalization of $1.07 billion, a PE ratio of 69.93 and a beta of 2.23. The firm has a 50 day moving average of $20.51 and a two-hundred day moving average of $22.70.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, October 7th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.82% and a return on equity of 14.45%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. As a group, research analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal 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.