Penguin Solutions Sees Unusually Large Options Volume (NASDAQ:PENG)

Penguin Solutions, Inc. (NASDAQ:PENG) saw some unusual options trading on Wednesday. Investors bought 2,578 call options on the company. This represents an increase of approximately 94% compared to the average daily volume of 1,329 call options.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PENG. Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Stifel Nicolaus lifted their target price on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. JMP Securities reissued a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.71.

Penguin Solutions Price Performance

Shares of PENG opened at $19.73 on Friday. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The firm’s 50-day simple moving average is $20.32 and its two-hundred day simple moving average is $22.67. The stock has a market cap of $1.04 billion, a PE ratio of 85.78 and a beta of 2.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.71 and a current ratio of 2.33.

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

Hedge Funds Weigh In On Penguin Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in Penguin Solutions in the 3rd quarter worth about $60,264,000. Alliancebernstein L.P. purchased a new position in Penguin Solutions in the first quarter worth about $28,919,000. CSM Advisors LLC purchased a new position in Penguin Solutions in the second quarter worth about $11,913,000. ArrowMark Colorado Holdings LLC bought a new position in shares of Penguin Solutions in the third quarter worth approximately $15,789,000. Finally, LSV Asset Management grew its holdings in shares of Penguin Solutions by 337.6% during the third quarter. LSV Asset Management now owns 569,368 shares of the company’s stock valued at $14,963,000 after buying an additional 439,268 shares during 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.