CWA Asset Management Group LLC Lowers Stake in Penguin Solutions, Inc. $PENG

CWA Asset Management Group LLC cut its stake in Penguin Solutions, Inc. (NASDAQ:PENG) by 49.1% during the fourth quarter, HoldingsChannel reports. The firm owned 88,297 shares of the company’s stock after selling 85,109 shares during the period. CWA Asset Management Group LLC’s holdings in Penguin Solutions were worth $1,727,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PENG. Royal Bank of Canada bought a new stake in Penguin Solutions during the 1st quarter valued at about $7,250,000. Amundi bought a new position in Penguin Solutions in the 1st quarter worth about $373,000. AQR Capital Management LLC purchased a new position in shares of Penguin Solutions during the first quarter worth approximately $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Penguin Solutions during the first quarter valued at approximately $538,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Penguin Solutions during the first quarter valued at approximately $3,259,000.

Penguin Solutions Trading Down 0.8%

Shares of NASDAQ:PENG opened at $17.52 on Monday. The company has a market capitalization of $920.85 million, a PE ratio of 76.17 and a beta of 2.18. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80. The business’s fifty day simple moving average is $19.15 and its 200-day simple moving average is $21.18.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings data 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. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The firm had revenue of $343.07 million during the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts predict that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Transactions at Penguin Solutions

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the sale, the senior vice president directly owned 122,318 shares of the company’s stock, valued at approximately $2,327,711.54. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Anne Kuykendall sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.75, for a total transaction of $71,000.00. Following the completion of the sale, the senior vice president owned 131,352 shares in the company, valued at $2,331,498. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PENG. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group started coverage on Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Weiss Ratings lowered Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Penguin Solutions has an average rating of “Moderate Buy” and a consensus target price of $28.00.

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.