Thrivent Financial for Lutherans Acquires Shares of 34,401 Penguin Solutions, Inc. $PENG

Thrivent Financial for Lutherans acquired a new stake in Penguin Solutions, Inc. (NASDAQ:PENG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 34,401 shares of the company’s stock, valued at approximately $904,000.

Several other large investors have also recently modified their holdings of PENG. AlphaQuest LLC bought a new stake in Penguin Solutions in the third quarter worth $2,127,000. New York State Common Retirement Fund raised its stake in shares of Penguin Solutions by 303.8% in the third quarter. New York State Common Retirement Fund now owns 59,102 shares of the company’s stock valued at $1,553,000 after acquiring an additional 44,467 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Penguin Solutions by 803.9% in the 3rd quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock worth $49,000 after acquiring an additional 1,656 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Penguin Solutions by 244.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 49,729 shares of the company’s stock worth $1,307,000 after purchasing an additional 35,307 shares during the period. Finally, Strs Ohio bought a new position in Penguin Solutions during the 3rd quarter valued at about $42,000.

Penguin Solutions Price Performance

Shares of PENG opened at $19.37 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The company has a 50 day moving average price of $19.87 and a 200-day moving average price of $22.05. Penguin Solutions, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The stock has a market capitalization of $1.02 billion, a PE ratio of 84.22 and a beta of 2.24.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results 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 company 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. Equities analysts predict that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PENG has been the subject of several analyst reports. 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 reissued a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective for the company. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 122,318 shares in the company, valued at $2,327,711.54. The trade was a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.90% of the company’s stock.

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.