Penguin Solutions, Inc. Ordinary Shares (PENG)

• Market cap: $986M
• 1 day: 0.82%
• 5 days: -7.45%
• 1 month: 9.20%
• 3 months: 18.50%
• 6 months: 18.50%
• Year to date: 18.50%
• 1 year: 18.50%
• 5 years: 18.50%
• 10 years: 175.04%
• 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

10% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 41

2% less funds holding

Funds holding: 199 [Q2] → 195 (-4) [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

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

• Low target: $21 13% upside
• Avg. target: $24 31% upside
• High target: $27 46% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Kevin Cassidy 56% 1-year accuracy 30 / 54 met price target	46% upside $27	Buy Maintained	19 Dec 2024
JMP Securities Rustam Kanga 50% 1-year accuracy 1 / 2 met price target	24% upside $23	Market Outperform Initiated	18 Nov 2024
Goldman Sachs Michael Ng 81% 1-year accuracy 17 / 21 met price target	13% upside $21	Buy Initiated	1 Nov 2024
Barclays Tom O'Malley 48% 1-year accuracy 21 / 44 met price target	19% upside $22	Overweight Maintained	16 Oct 2024
Stifel Brian Chin 35% 1-year accuracy 9 / 26 met price target	46% upside $27	Buy Maintained	16 Oct 2024