Penguin Solutions Divests Remaining Interest in Brazil Memory Module Business
Penguin Solutions, Inc. (PENG)
Company Research
Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--Penguin Solutions, Inc. (“Penguin Solutions” or the “Company”) (Nasdaq: PENG) today announced that SMART Modular Technologies (LX) S.à r.l. (“Seller”), a wholly owned indirect subsidiary of the Company, closed the transaction contemplated by that certain Stock Transfer Agreement (the “Stock Transfer Agreement”) entered into on December 29, 2025, by and among Seller, Lexar Europe B.V. (“Buyer”), Zilia Technologies Indústria e Comércio de Componentes Eletrônicos Ltda. (“Zilia Technologies”) (formerly SMART Modular Technologies do Brasil - Indústria e Comércio de Componentes Ltda.), Shenzhen Longsys Electronics Co., Ltd., and Shanghai Intelligent Memory Semiconductor Co., Ltd. (???????????).On March 30, 2026, pursuant to the Stock Transfer Agreement, Seller sold to Buyer Seller’s remaining 19% interest in Zilia Technologies for a purchase price of $46.08 million (the “Transaction”). As of the closing of the Transaction, Seller no longer holds any int
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PENG
News
- Penguin Solutions (PENG) was upgraded by Zacks Research from "hold" to "strong-buy".MarketBeat
- Penguin Solutions (PENG) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "sell (d+)" to "hold (c-)".MarketBeat
- Rosenblatt Raises its Price Target on Penguin Solutions. (PENG) to $32 [Yahoo! Finance]Yahoo! Finance
- Here's Why Penguin Solutions Stock Is Flying Today [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Penguin Solutions (PENG) had its price target lowered by Stifel Nicolaus from $27.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
PENG
Earnings
- 4/1/26 - Beat
PENG
Sec Filings
- 4/16/26 - Form 144
- 4/10/26 - Form 4
- 4/9/26 - Form 144
- PENG's page on the SEC website