Penguin Solutions’ (PENG) “Buy” Rating Reiterated at Needham & Company LLC

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They presently have a $25.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 26.26% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Penguin Solutions in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research report on Tuesday. The Goldman Sachs Group started coverage on Penguin Solutions in a research report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Penguin Solutions has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Stock Performance

Shares of PENG opened at $19.80 on Tuesday. Penguin Solutions has a 1 year low of $14.20 and a 1 year 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 stock’s fifty day moving average price is $20.24 and its two-hundred day moving average price is $22.44. The firm has a market cap of $1.04 billion, a PE ratio of 86.09 and a beta of 2.24.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analyst estimates 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. On average, equities research analysts forecast that Penguin Solutions will post 1.05 EPS for the current year.

Hedge Funds Weigh In On Penguin Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Penguin Solutions by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock valued at $173,253,000 after acquiring an additional 25,804 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Penguin Solutions during the third quarter worth about $60,264,000. American Century Companies Inc. increased its position in shares of Penguin Solutions by 35.3% in the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after purchasing an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Barclays PLC lifted its position in Penguin Solutions by 46.9% during the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock valued at $27,730,000 after purchasing an additional 336,644 shares during the last quarter.

About Penguin Solutions

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.