Vanguard Group Inc. Makes New $111.46 Million Investment in Penguin Solutions, Inc. $PENG

Key Points

• Vanguard Group Inc. has invested approximately $111.46 million in Penguin Solutions, purchasing over 6.4 million shares, which represents a 12.15% ownership stake.
• Analysts have a consensus rating of "Buy" for Penguin Solutions, with a price target averaging $27.13 after several firms issued positive ratings.
• Penguin Solutions reported $0.47 EPS in its latest earnings, surpassing expectations, while setting its FY 2025 guidance between $1.750-1.850 EPS.

Vanguard Group Inc. bought a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 6,416,696 shares of the company's stock, valued at approximately $111,458,000. Vanguard Group Inc. owned 12.15% of Penguin Solutions as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PENG. Royce & Associates LP purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at about $14,020,000. Foundry Partners LLC purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at about $11,989,000. P.A.W. Capital Corp purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at about $7,816,000. Bank of New York Mellon Corp purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at about $5,959,000. Finally, LPL Financial LLC purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at about $5,463,000.

Penguin Solutions Stock Performance

NASDAQ:PENG traded down $0.04 during midday trading on Tuesday, reaching $24.43. 440,736 shares of the company traded hands, compared to its average volume of 868,887. Penguin Solutions, Inc. has a twelve month low of $14.20 and a twelve month high of $25.94. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -87.25 and a beta of 2.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.62 and a quick ratio of 2.24. The company has a fifty day moving average price of $22.87 and a 200 day moving average price of $19.93.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.17. Penguin Solutions had a positive return on equity of 13.27% and a negative net margin of 0.68%.The business had revenue of $324,251 billion during the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. On average, analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Penguin Solutions news, Director Penny Herscher sold 2,046 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $25.42, for a total transaction of $52,009.32. Following the completion of the transaction, the director owned 18,222 shares in the company, valued at approximately $463,203.24. The trade was a 10.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jack A. Pacheco sold 63,447 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.83, for a total value of $1,575,389.01. Following the transaction, the executive vice president owned 227,231 shares of the company's stock, valued at $5,642,145.73. This trade represents a 21.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,175 shares of company stock valued at $1,644,448 in the last quarter. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Penguin Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Loop Capital raised their target price on Penguin Solutions from $30.00 to $35.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on Penguin Solutions from $21.00 to $24.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Rosenblatt Securities restated a "buy" rating and set a $27.00 price objective on shares of Penguin Solutions in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Penguin Solutions presently has a consensus rating of "Buy" and an average target price of $27.13.

Penguin Solutions 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.