LSV Asset Management Has $14.96 Million Stake in Penguin Solutions, Inc. $PENG
LSV Asset Management significantly increased its stake in Penguin Solutions ($PENG), buying an additional 439,268 shares to hold a total of 569,368 shares valued at $14.96 million. The company reports positive analyst sentiment, with a "Moderate Buy" consensus and an average price target of $28. Penguin Solutions recently surpassed its EPS estimates, reporting $0.49 against an estimated $0.41, with FY2026 guidance set at $1.75-$2.25 EPS.
Penguin Solutions Shareholders Back Governance and Board Continuity
Penguin Solutions shareholders demonstrated strong engagement at their 2026 Annual Meeting, with 86.3% of voting power represented. They re-elected Mark Papermaster to the board, ratified Deloitte & Touche LLP as auditors, and approved executive compensation, signaling continuity in leadership and oversight. An analyst rating for PENG stock is a "Buy" with a $27.00 price target, though TipRanks' AI Analyst "Spark" rates it Neutral due to valuation concerns despite improving financial performance.
Penguin Solutions Shareholders Back Governance and Board Continuity
Penguin Solutions shareholders recently held their 2026 Annual Meeting, demonstrating strong engagement with 86.3% of voting power represented. Key outcomes included the election of Mark Papermaster as a Class I director, ratification of Deloitte & Touche LLP as the independent accounting firm, and approval of executive compensation. These decisions underscore shareholder support for the company's existing governance framework and leadership.
Insider Sell: Joseph Clark Sells Shares of Penguin Solutions Inc (PENG)
Joseph Clark, Senior Vice President and President of Optimized LED at Penguin Solutions Inc (PENG), sold 1,346 shares of the company on February 10, 2026. This transaction follows a pattern of six insider sells and no buys over the past year, with Clark having sold a total of 3,624 shares. The stock is currently trading at $19.03, and despite a high price-earnings ratio compared to the industry median, GuruFocus rates it as modestly undervalued with a price-to-GF-Value ratio of 0.87.
Joseph Gates Clark Sells 1,346 Shares of Penguin Solutions (NASDAQ:PENG) Stock
Joseph Gates Clark, SVP of Penguin Solutions (NASDAQ:PENG), sold 1,346 shares of his company's stock on February 10th for a total of $25,614.38, reducing his holdings by 1.09%. Following the sale, Clark still owns 122,318 shares valued at approximately $2.33 million. The company recently reported better-than-expected quarterly earnings and provided FY2026 guidance, attracting significant institutional investment despite mixed analyst ratings.
Penguin Solutions Shareholders Back Governance and Board Continuity
Penguin Solutions shareholders demonstrated strong engagement at their 2026 Annual Meeting, with 86.3% of voting power represented. They re-elected a director, ratified auditors, and approved executive compensation, affirming the company's current governance and leadership. Despite a "Buy" analyst rating with a $27.00 price target, TipRanks' AI Analyst Spark gives PENG a "Neutral" score, citing strong financial performance and free cash flow juxtaposed with weak valuation and negative technical trends.
Penguin Solutions Annual Meeting: Shareholders Elect Director, Approve Deloitte and Say-on-Pay
Penguin Solutions (NASDAQ: PENG) held its Annual Meeting of Stockholders, where shareholders voted on three key proposals. Mark Papermaster was elected as a Class I director until the 2029 annual meeting, and the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year ending August 28, 2026, was ratified. Additionally, a non-binding advisory vote to approve the compensation for named executive officers passed, with official results to be filed in a Form 8-K.
Penguin Solutions Annual Meeting: Shareholders Elect Director, Approve Deloitte and Say-on-Pay
Penguin Solutions (NASDAQ:PENG) held its Annual Meeting of Stockholders virtually, where shareholders elected Mark Papermaster as a Class I director until the 2029 annual meeting. They also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending August 28, 2026, and approved the non-binding advisory vote on named executive officers' compensation. Official voting results will be filed in a Form 8-K within four business days.
80,635 Shares in Penguin Solutions, Inc. $PENG Acquired by Castlekeep Investment Advisors LLC
Castlekeep Investment Advisors LLC has acquired a new stake of 80,635 shares, valued at $2.12 million, in Penguin Solutions Inc. (NASDAQ:PENG) during the third quarter, making it their 26th largest holding. Several other hedge funds have also adjusted their positions in PENG. Analysts currently have a "Moderate Buy" rating for Penguin Solutions with a consensus target price of $28, following the company's Q3 earnings beat and positive FY2026 guidance.
PENG: All proposals passed, with no questions raised during the Q&A session
During Penguin Solutions, Inc.'s (PENG) AGM 2026, all proposals including director election, auditor ratification, and executive compensation were passed. No questions were raised during the Q&A session. Official results will be filed on Form 8-K.
Penguin Solutions Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Penguin Solutions announced inducement equity awards for its new President and CEO, Kash Shaikh, effective with his employment on February 2, 2026. These grants, approved by the Compensation Committee, include time-based and performance-based restricted stock units under the Company's 2021 Inducement Plan. The awards are structured to vest over several years, tied to continued service and the achievement of specific stock appreciation and relative total shareholder return targets.
Penguin Solutions Appoints Kash Shaikh as New CEO
Penguin Solutions has announced the appointment of Kash Shaikh as its new President, CEO, principal executive officer, and Class III director, effective February 2, 2026. Shaikh replaces Mark Adams, who retired after a five-year tenure and will serve as an advisor for nine months. Shaikh's compensation package is heavily performance-based, emphasizing growth and shareholder value as the company aims to capitalize on the demand for AI infrastructure.
Penguin Solutions names Kash Shaikh as new CEO as Mark Adams retires
Penguin Solutions has announced Kash Shaikh as its new President and CEO, replacing retiring Mark Adams. Shaikh, formerly CEO of Securonix, brings three decades of tech leadership experience and will focus on scaling the company's AI infrastructure solutions. The company is currently considered undervalued by InvestingPro analysis and has received positive ratings from several financial firms.
New Cree LED pixels promise thinner, brighter screens with lower power use
Cree LED, a Penguin Solutions brand, has unveiled OptiLamp LEDs, a new display technology that integrates driver and control intelligence directly into every LED pixel. This innovation promises superior image quality, reduced power consumption, and simpler system architecture for LED displays. The technology eliminates common display artifacts, improves power efficiency, and enables proactive maintenance, setting a new standard for LED display performance.
Penguin Solutions Announces CEO Transition
Penguin Solutions, Inc. (NASDAQ: PENG) announced the retirement of Mark Adams as President and CEO, effective February 2, 2026. Technology veteran Kash Shaikh has been appointed as the new President and CEO. Shaikh brings over three decades of experience in technology leadership, having previously served as CEO of Securonix, and will lead Penguin Solutions as it focuses on AI infrastructure solutions.
Penguin Solutions Appoints Kash Shaikh as New CEO
Penguin Solutions announced that Kash Shaikh has been appointed as the new President, CEO, and Class III director, effective February 2, 2026. This follows the retirement of Mark Adams, who led the company for five years, unifying its brands and expanding its AI infrastructure. Shaikh's compensation package is heavily performance-based, aligning with the company's focus on growth and shareholder value in the accelerating AI infrastructure market.
Penguin Solutions Announces CEO Transition
Penguin Solutions, Inc. (NASDAQ: PENG) announced that Mark Adams will retire as President and CEO, effective February 2, 2026. Kash Shaikh, a technology veteran with over three decades of experience, has been appointed as the new President and CEO. Adams will remain as an advisor for nine months to ensure a smooth transition, as the company enters its next phase of development in AI infrastructure.
Penguin Solutions names Kash Shaikh as new CEO as Mark Adams retires
Penguin Solutions has appointed Kash Shaikh as its new President and CEO, replacing retiring Mark Adams. Shaikh, formerly CEO of Securonix, brings over 30 years of technology leadership experience and will also join the company's Board of Directors. The transition comes as the company, with a $1.04 billion market cap and $1.37 billion annual revenue, focuses on expanding its AI infrastructure solutions amidst increasing enterprise demand.
Penguin Solutions, Inc. (PENG): A Bull Case Theory
This article summarizes a bullish thesis for Penguin Solutions, Inc. (PENG), highlighting its transformation from a holding company into a pure-play AI infrastructure builder specializing in large-scale AI superclusters. Key growth drivers include AI market demand and a $200 million investment from SK Telecom, which could position PENG as a primary builder for SK's AI expansion in Asia. The thesis suggests that PENG's current valuation, approximately 1x sales, underappreciates its strategic pivot and technical capabilities, despite risks from working capital requirements and competition.
Goldman Sachs Assumes Penguin Solutions (PENG) Coverage with Buy Rating, $25 PT
Goldman Sachs has initiated coverage of Penguin Solutions (PENG) with a Buy rating and a $25 price target, despite lowering it from $26. The firm acknowledges challenges like a noisy FY2026 outlook and declines in its Optimized LED and Penguin Edge businesses, but is encouraged by the momentum of Penguin's AI infrastructure and growth in its Integrated Memory segment. Penguin Solutions plans to focus on enterprise and sovereign AI opportunities through partnerships with Dell, CDW, and Nvidia.
Goldman Sachs Assumes Penguin Solutions (PENG) Coverage with Buy Rating, $25 PT
Goldman Sachs has initiated coverage of Penguin Solutions (PENG) with a Buy rating and a $25 price target, despite revising it down from an initial $26. The firm is encouraged by the momentum of Penguin's AI infrastructure, especially its Integrated Memory business, which saw significant growth. Penguin Solutions aims for a stronger second half of 2026 by focusing on enterprise and sovereign AI opportunities through strategic partnerships.
Citizens Reiterates Market Outperform on Penguin Solutions (PENG), Sets $26 Price Target
Citizens has reaffirmed its "Market Outperform" rating for Penguin Solutions (PENG) and set a price target of $26. This indicates the firm's continued confidence in the company's stock performance. The report from Citizens signals a positive outlook for investors considering Penguin Solutions.
Penguin Solutions, Inc. (NASDAQ:PENG) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Nine brokerages have issued a "Moderate Buy" consensus rating for Penguin Solutions, Inc. (NASDAQ:PENG), with six analysts recommending a "buy" and three a "hold." The average 12-month price target for the stock is $28.00. Institutional investors have also shown increased interest, with firms like Dimensional Fund Advisors and LSV Asset Management significantly boosting their positions.
Cree LED and Blizzard Lighting Enter Settlement and Limited License Agreement
Cree LED and Blizzard Lighting LLC have reached a mutually beneficial settlement regarding a patent infringement dispute involving Cree LED's patents for LED components. As part of the agreement, Cree LED has granted Blizzard a limited license to its patents. Cree LED, a Penguin Solutions brand, emphasizes its commitment to protecting its intellectual property and driving innovation in LED display technology.
CXL-Compliant Persistent Memory Breakthrough Could Be A Game Changer For Penguin Solutions (PENG)
Penguin Solutions recently reported strong Q1 2026 results and had its SMART Modular CXL NV-CMM memory module pass CXL 2.0 compliance, reinforcing its position in advanced memory for AI and high-performance computing. While this strengthens the company's technology credentials, the article notes that the immediate drivers for the company remain the timing and size of large AI infrastructure deals, as well as execution risk in shifting towards software and services. The company's future revenue growth depends on its AI and HPC focus, with significant contributions from next-generation memory not expected until late 2026 or early 2027.
CXL-Compliant Persistent Memory Breakthrough Could Be A Game Changer For Penguin Solutions (PENG)
Penguin Solutions (PENG) recently reported Q1 fiscal 2026 results and announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module passed CXL 2.0 compliance testing. This development strengthens its technology credentials for AI and high-performance computing, though the company's investment narrative still hinges on securing large AI infrastructure deals and shifting value towards software and services. While its full-year outlook was reaffirmed, substantial revenue contributions from this next-generation memory are not expected until late 2026 or early 2027.
Citizens Reiterates Market Outperform on Penguin Solutions (PENG) After CES Meetings
This article reports that Citizens has reiterated its "Market Outperform" rating on Penguin Solutions (PENG) following recent meetings held at CES. The analysis suggests a positive outlook for the company based on these interactions.
Citizens Reiterates Market Outperform on Penguin Solutions (PENG) After CES Meetings
Citizens analyst Rustam Kanga reiterated a Market Outperform rating for Penguin Solutions (PENG) with a $26.00 price target following meetings with company executives at CES 2026. Despite a recent 0.9% year-to-date decline, the firm expects PENG to outperform the broader market due to its valuation and exposure to artificial intelligence. Penguin Solutions is highlighted as a leading AI and HPC computing company, though the firm suggests other AI stocks might offer greater upside and less risk.
Citizens Reiterates Market Outperform on Penguin Solutions (PENG) After CES Meetings
Citizens analyst Rustam Kanga reiterated a Market Outperform rating for Penguin Solutions (PENG) with a $26.00 price target after meeting with company executives at the 2026 Consumer Electronics Show (CES). Despite a year-to-date underperformance of 0.9% compared to the Russell 3000 index, the firm expects PENG to outperform the broader market due to its valuation and significant exposure to artificial intelligence opportunities. Penguin Solutions is identified as a leading AI and HPC computing company, with the firm emphasizing its potential despite acknowledging investment risks.
Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing, getting listed on the CXL Consortium's Integrators' List. This module utilizes the Compute Express Link (CXL) 2.0 standard, offering low latency, high bandwidth persistent storage with enterprise-class RAS features. It is optimized for accelerating AI/ML workloads, data center applications, and High-Performance Computing (HPC), while also providing essential persistent memory solutions.
Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T NVM module has passed CXL compliance testing, positioning the company as a leader in advanced memory technology for CXL applications. The module is now listed on the CXL Consortium’s Integrators List and is designed to enhance system acceleration, support large in-memory databases, and ensure quick data recovery. It leverages the CXL 2.0 standard for low latency, high bandwidth persistent storage with enterprise-class reliability.
PENG: Strong growth in AI and enterprise solutions, with expanding pipeline and improved profitability
Penguin Solutions (PENG) has transformed into a leading provider of advanced compute and AI infrastructure, experiencing strong revenue growth and margin expansion. The company is actively capitalizing on demand from enterprise and sovereign AI sectors, fueled by investments in software, services, and operational efficiencies. This growth is detailed in an AI-generated summary of their recent 28th Annual Needham Growth Conference Virtual Audio Transcript.
Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module is now CXL compliant, positioning the company as a leader in advanced CXL memory technology. This module utilizes the CXL 2.0 standard, offering low latency and high bandwidth and is ideal for accelerating AI/ML workloads, data center applications, and high-performance computing. Its inclusion on the CXL Consortium's Integrators List highlights Penguin Solutions' commitment to high-quality, interoperable memory solutions.
Penguin Solutions SMART Modular Memory Module Passes CXL Compliance Testing
Penguin Solutions' SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed Compute Express Link (CXL) compliance testing. This module enhances system acceleration, supports large in-memory databases, and ensures rapid data recovery, strengthening the company's position in advanced memory technology. It utilizes the CXL 2.0 standard, providing low-latency, high-bandwidth persistent storage with enterprise-class reliability for AI, machine learning, and data center applications.
Penguin Solutions’ memory module passes CXL compliance testing By Investing.com
Penguin Solutions' SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed Compute Express Link (CXL) compliance testing and is now listed on the CXL Consortium’s Integrators List. This module leverages the CXL 2.0 standard, offering low latency and high bandwidth persistent storage for applications like AI/ML and data centers. The company, with a market cap of $1.04 billion, is considered undervalued by InvestingPro, and recent analyst reports are positive following strong Q1 2026 results.
FMR LLC's Strategic Acquisition of Penguin Solutions Inc Shares
FMR LLC, also known as Fidelity, strategically acquired 1,403,740 shares of Penguin Solutions Inc on December 31, 2025, increasing their total holdings to 5,624,619 shares, representing 10.70% of their portfolio. This move, which had a 0% impact on FMR LLC's overall portfolio, reflects confidence in Penguin Solutions Inc, a technology innovator with a $1.07 billion market cap and strong growth potential despite past negative revenue growth. The acquisition aligns with FMR LLC's growth-oriented investment philosophy, emphasizing innovative companies.
Penguin Solutions’ memory module passes CXL compliance testing
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has passed Compute Express Link (CXL) compliance testing. This module offers low latency, high bandwidth persistent storage for applications like AI/ML and data centers. The news follows positive analyst outlooks and strong Q1 2026 revenue for Penguin Solutions, with its stock appearing undervalued.
Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance
Penguin Solutions' SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing and is now listed on the CXL Consortium's Integrators List. This module leverages the CXL 2.0 standard to provide low-latency, high-bandwidth persistent storage, enhancing system acceleration, supporting large in-memory databases, and ensuring quick data recovery. It is optimized for AI/ML workloads, data center applications, high-performance computing (HPC), and critical storage needs.
Penguin Solutions’ memory module passes CXL compliance testing By Investing.com
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has passed CXL compliance testing and is now listed on the CXL Consortium’s Integrators List. The module uses the CXL 2.0 standard and is designed for low latency, high bandwidth persistent storage with enterprise-class reliability. This development, along with recent positive financial results and analyst ratings, suggests a positive outlook for the company, especially in AI/ML and data center applications.
Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL Compliance
Penguin Solutions announced that its SMART Modular CXL NV-CMM E3.S 2T non-volatile memory module has successfully passed CXL compliance testing and is now listed on the CXL Consortium's Integrators List. This module utilizes the CXL 2.0 standard to provide low latency, high bandwidth persistent storage with enterprise-class RAS features, enhancing AI/ML workloads, data center applications, and high-performance computing. This achievement reinforces Penguin Solutions' commitment to delivering high-quality, interoperable memory solutions.
5 Revealing Analyst Questions From Penguin Solutions's Q4 Earnings Call
Penguin Solutions' Q4 earnings call highlighted strong enterprise demand and a shift towards broader AI adoption, with financial results exceeding analyst estimates. Analysts focused on revenue trends, memory supply risks, channel partnerships, enterprise AI adoption, and inventory levels. The company's management addressed these concerns, emphasizing strategic partnerships and a healthy inventory turnover, while also touching on the validation of their optical memory strategy.
Cree LED Introduces Fully Assembled L2 PCBA Solutions That Address a Wide Range of Indoor and Outdoor Lighting Use Cases
Cree LED has launched its new Level 2 (L2) PCBA Solutions portfolio, offering both standard and custom fully-populated LED PC board assemblies. These solutions aim to streamline sourcing for lighting manufacturers by providing reliable, scalable, and simplified LED integration from a single supplier. The L2 portfolio includes indoor linear and outdoor array PCBAs, backed by Cree LED's global manufacturing network and reliability expertise.
Penguin Solutions’ (PENG) Growth Outlook Remains Intact, Rosenblatt Says
Rosenblatt analyst Kevin Cassidy reiterated a Buy rating for Penguin Solutions (PENG) with a $30.00 price target after better-than-expected revenue and earnings. The firm noted significant year-over-year growth in Advanced Computing and Integrated Memory segments, which are the primary drivers for owning Penguin stock. Despite a softening in the LED segment, Rosenblatt maintains a positive growth outlook for the company, particularly as it expands its enterprise customer base.
Penguin Solutions' (PENG) Growth Outlook Remains Intact, Rosenblatt Says
Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $30.00 price target on Penguin Solutions (PENG) following better-than-expected revenue and earnings. The firm noted strong year-over-year growth in Advanced Computing and Integrated Memory segments, which are expected to drive future growth despite a softening LED segment. Rosenblatt views these core segments as the primary reasons to invest in Penguin Solutions stock.
5 Revealing Analyst Questions From Penguin Solutions’s Q4 Earnings Call
Penguin Solutions' (PENG) Q4 earnings exceeded analyst estimates for revenue, EPS, and EBITDA, driven by robust enterprise demand and a shift towards broader AI adoption. Management highlighted strong operational discipline and new customer wins, particularly in advanced computing and memory. Analysts focused on sequential revenue trends, memory supply risks, enterprise AI adoption, inventory levels, and the company's optical memory strategy.
Penguin Solutions Stock To $13?
Trefis Team suggests that Penguin Solutions (PENG) stock, currently trading at $18.58 after a 14% drop, could fall further to $13. Their assessment is pessimistic due to the company's weak operating performance and financial condition, combined with a moderate valuation, making the stock unattractive. While PENG shows moderate growth and strong financial stability, its very weak profitability and downturn resilience are significant concerns.
Needham Reinstates Buy Rating for Penguin Solutions (PENG) | PEN
Needham has reinstated a 'Buy' rating for Penguin Solutions (PENG) with a new price target of $25. This move comes after other analysts, including Kevin Cassidy of Rosenblatt, have maintained 'Buy' ratings with a higher target of $30. Penguin Solutions, an end-to-end technology company, is seen by analysts as having significant upside potential, with an average target price of $27.57 implying a 44.50% upside from its current price.
Penguin Solutions: The Deep-Value AI Play You've Been Looking For
Penguin Solutions (NASDAQ: PENG) is presented as a deep-value AI stock, trading at low multiples relative to long-term forecasts and outperforming expectations in fiscal Q1 2026. The company specializes in end-to-end AI infrastructure solutions, with catalysts including global AI expansion, product rollouts with NVIDIA, AMD, and Dell, and improved margins. Institutional buying and bullish analyst ratings suggest a robust rebound and significant upside potential for the stock.
Penguin Solutions Inc (PENG) Q1 2026 Earnings Call Highlights: Steady Growth Amid Market Challenges
Penguin Solutions Inc (PENG) reported Q1 2026 revenues of $343 million, a 2% sequential and 1% year-over-year increase, with strong performance in Advanced Computing and Integrated Memory segments. Despite this, the Optimized LED business saw an 18% sequential decline due to weak demand. The company is strategically shifting focus from hyperscalers to enterprise deployments and expects stronger performance in the latter half of the year due to new customer acquisitions and AI market growth.
Penguin Solutions: The Deep-Value AI Play You’ve Been Looking For
Penguin Solutions (PENG) is presented as an undervalued AI stock with significant growth potential. The company provides end-to-end AI infrastructure solutions, and its recent Q1 2026 fiscal results showed strong performance, particularly in memory solutions. Analysts and institutions are bullish on PENG, with aggressive accumulation by institutions and a "Moderate Buy" rating from analysts, suggesting a robust rebound and substantial upside for the stock.
