Penguin Solutions, Inc. Ordinary Shares (PENG)

• Market cap: $1.04B
• 1 day: -1.07%
• 5 days: 7.52%
• 1 month: 17.81%
• 3 months: 24.52%
• 6 months: 24.52%
• Year to date: 24.52%
• 1 year: 24.52%
• 5 years: 24.52%
• 10 years: 189.00%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

About: Penguin Solutions Inc is an end-to-end technology company engaged in Intelligent Platform Solutions, Integrated Memory, and Optimized LED business. Its product include Servers, software, OCP HPC & AI system, Racks and Edge. Servers include AMD-based Serves, Intel-based Servers, etc. Software products include Scyld ClusterWare, Scyld Cloud Central, etc. OCP HPC & AI Systems includes OCP Servers & Storage and etc.

Employees: 2,700

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

21% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 63

5% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 40

1% less funds holding

Funds holding: 198 [Q2] → 196 (-2) [Q3]

8% less capital invested

Capital invested by funds: $1.29B [Q2] → $1.18B (-$109M) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

34% less call options, than puts

Call options by funds: $3.83M | Put options by funds: $5.83M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $21 8% upside
• Avg. target: $24 21% upside
• High target: $27 39% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Rustam Kanga 100% 1-year accuracy 1 / 1 met price target	18% upside $23	Market Outperform Initiated	18 Nov 2024
Goldman Sachs Michael Ng 91% 1-year accuracy 10 / 11 met price target	8% upside $21	Buy Initiated	1 Nov 2024
Barclays Tom O'Malley 55% 1-year accuracy 16 / 29 met price target	13% upside $22	Overweight Maintained	16 Oct 2024
Stifel Brian Chin 31% 1-year accuracy 5 / 16 met price target	39% upside $27	Buy Maintained	16 Oct 2024
Needham Quinn Bolton 49% 1-year accuracy 47 / 96 met price target	29% upside $25	Buy Maintained	16 Oct 2024