AlphaQuest LLC Invests $2.13 Million in Penguin Solutions, Inc. $PENG

AlphaQuest LLC acquired a new stake in Penguin Solutions, Inc. (NASDAQ:PENG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 80,936 shares of the company’s stock, valued at approximately $2,127,000. AlphaQuest LLC owned about 0.15% of Penguin Solutions as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada bought a new position in Penguin Solutions in the 1st quarter worth approximately $7,250,000. Amundi bought a new position in shares of Penguin Solutions in the first quarter worth $373,000. AQR Capital Management LLC acquired a new position in shares of Penguin Solutions during the first quarter valued at $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Penguin Solutions during the first quarter valued at about $538,000. Finally, Goldman Sachs Group Inc. bought a new position in Penguin Solutions in the 1st quarter valued at about $3,259,000.

Penguin Solutions Trading Down 2.7%

Shares of NASDAQ:PENG opened at $19.21 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.01 billion, a PE ratio of 83.52 and a beta of 2.23. The firm has a fifty day moving average price of $20.20 and a 200 day moving average price of $22.50. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted 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. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The business 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. Analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research report on Monday, January 12th. The Goldman Sachs Group began coverage on Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Six investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target 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.