Penguin Solutions, Inc. Ordinary Shares (PENG)

• Market cap: $1.09B
• 1 day: 1.94%
• 5 days: 2.04%
• 1 month: 2.55%
• 3 months: 27.00%
• 6 months: 31.31%
• Year to date: 6.16%
• 1 year: 31.31%
• 5 years: 31.31%
• 10 years: 204.75%
• 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: 37 | Existing positions closed: 39

2% less funds holding

Funds holding: 199 [Q2] → 195 (-4) [Q3]

8% less capital invested

Capital invested by funds: $1.3B [Q2] → $1.19B (-$106M) [Q3]

25% less funds holding in top 10

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

33% less call options, than puts

Call options by funds: $4.46M | Put options by funds: $6.64M

Research analyst outlook

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

• Low target: $21 2% upside
• Avg. target: $25 23% upside
• High target: $30 46% upside

6 analyst ratings

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

Barclays Tom O'Malley 40% 1-year accuracy 18 / 45 met price target	12% upside $23	Overweight Maintained	9 Jan 2025
Needham Quinn Bolton 51% 1-year accuracy 67 / 131 met price target	32% upside $27	Buy Maintained	9 Jan 2025
Loop Capital Ananda Baruah 58% 1-year accuracy 18 / 31 met price target	46% upside $30	Buy Initiated	7 Jan 2025
Rosenblatt Kevin Cassidy 63% 1-year accuracy 34 / 54 met price target	32% upside $27	Buy Maintained	19 Dec 2024
JMP Securities Rustam Kanga 50% 1-year accuracy 1 / 2 met price target	12% upside $23	Market Outperform Initiated	18 Nov 2024