Penguin Solutions’ (PENG) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $100.00 price target on the stock.

A number of other analysts have also recently issued reports on PENG. Bank of America began coverage on Penguin Solutions in a report on Friday, October 9th. They set a “buy” rating and a $100.00 target price for the company. Wall Street Zen cut shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $85.00 target price on shares of Penguin Solutions in a research report on Wednesday, October 7th. Weiss Ratings upgraded Penguin Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Finally, Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Penguin Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Penguin Solutions Trading Up 12.4%

PENG stock opened at $41.83 on Wednesday. The firm has a fifty day moving average price of $55.61 and a 200 day moving average price of $44.51. The firm has a market cap of $2.52 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 0.56 and a beta of 2.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.88. Penguin Solutions has a fifty-two week low of $16.04 and a fifty-two week high of $89.86.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.23. The company had revenue of $566.68 million for the quarter, compared to the consensus estimate of $520.99 million. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. During the same quarter in the prior year, the company earned $0.11 EPS. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Sell-side analysts anticipate that Penguin Solutions will post 4.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Anne Kuykendall sold 738 shares of the company’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $55.08, for a total value of $40,649.04. Following the sale, the senior vice president owned 141,988 shares in the company, valued at approximately $7,820,699.04. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Joseph Clark sold 5,773 shares of Penguin Solutions stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $49.66, for a total value of $286,687.18. Following the completion of the transaction, the senior vice president directly owned 80,080 shares in the company, valued at $3,976,772.80. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 16,011 shares of company stock valued at $847,239. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Penguin Solutions

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of Penguin Solutions during the second quarter valued at about $26,000. Allworth Financial LP acquired a new stake in Penguin Solutions during the 2nd quarter worth about $37,000. Nykredit A S purchased a new stake in shares of Penguin Solutions in the second quarter valued at approximately $42,000. Polaris Financial Partners purchased a new stake in shares of Penguin Solutions during the third quarter worth $50,000. Finally, Signaturefd LLC raised its position in Penguin Solutions by 25.3% in the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the company’s stock valued at $59,000 after purchasing an additional 218 shares during the last quarter.

Penguin Solutions News Roundup

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Penguin’s CXL products help AI data centers provide GPUs with needed memory capacity. The Motley Fool sees rapid growth in the integrated-memory business as a potential driver of faster overall revenue growth. Article: Should You Forget Micron and Buy This Memory Stock Instead?
• Positive Sentiment: SK Hynix’s reported stake in Penguin could signal strategic interest from a major memory-chip maker and strengthen the company’s position in the AI-memory ecosystem. Article: SK Hynix’s Penguin Solutions Stake
• Positive Sentiment: The planned sale of Cree LED to Transom Capital may let Penguin focus more on its core AI and computing businesses; the article does not specify sale proceeds. Article: Penguin Solutions to Sell Cree to Transom Capital
• Neutral Sentiment: A new analysis notes that shares have risen sharply this year and asks whether free cash flow can support the growth narrative, making cash conversion an important measure for investors to watch. Article: Penguin Solutions Is Up 134% This Year. Can Its Free Cash Flow Keep Up With the Story?
• Negative Sentiment: Another report says PENG fell below its 200-day moving average amid insider selling. SVP Joseph Clark’s reported sale was made under a pre-arranged Rule 10b5-1 plan, but the technical breakdown and sale may still weigh on sentiment. Article: Penguin Solutions Shares Break Below Two Hundred Day Moving Average Following Insider Selling

About Penguin Solutions

Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.

Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.