Stocks · News reference

Barclays Downgrades Penguin Solutions to Underweight, Maintains Price Target to $40

Jul 20, 2026, 6:03 PMBenzinga Newsdesk

Barclays analyst Tom O'Malley downgrades Penguin Solutions (NASDAQ:PENG) from Equal-Weight to Underweight and maintains the price target from $40 to $40.

Read original source More stocks news

Reference details

Connected markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

PENG

Source: benzinga
Observed: Jul 20, 2026, 6:03 PM
Checked: Jul 20, 2026, 6:03 PM
Cadence: Captured once, then retained as an archive reference
Status: fresh

Keep reading

BenzingaAug 25, 2026, 3:12 PMBenzinga Newsdesk
Penguin Solutions' Cree LED Subsidiary Settles Patent Infringement Dispute With Nanolumens; Terms Undisclosed
Cree LED®, a Penguin Solutions brand (Nasdaq: PENG), and Nanolumens today announced that they have entered into a mutually beneficial patent cross-license agreement that resolves a patent infringement dispute involving
Read original at benzinga
PENG
BenzingaAug 19, 2026, 7:23 PMBenzinga Newsdesk
Shares of semiconductor companies are trading lower amid concerns that OpenAI's Q2 earnings may weigh on AI growth. Today's Fed minutes revealed that many participants assessed that higher rates would likely be necessary if inflation did not fall.
Read original at benzinga
ACLS ACMR AEHR ALAB AMAT
BenzingaAug 18, 2026, 3:29 PMBenzinga Newsdesk
Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.
Read original at benzinga
ADI AEHR ALAB ALGM AMBQ
BenzingaAug 13, 2026, 7:00 PMBenzinga Newsdesk
Shares of semiconductor companies are trading higher, possibly amid overall market strength as promising economic data reduces rate-hike concerns. South Korea's KOSPI, which initiated a chip selloff last month, rebounded and entered a bull market.
Read original at benzinga
ALAB AMKR ARM ASML COHU

Barclays Downgrades Penguin Solutions to Underweight, Maintains Price Target to $40

Connected markets

Related headlines

Penguin Solutions' Cree LED Subsidiary Settles Patent Infringement Dispute With Nanolumens; Terms Undisclosed

Shares of semiconductor companies are trading lower amid concerns that OpenAI's Q2 earnings may weigh on AI growth. Today's Fed minutes revealed that many participants assessed that higher rates would likely be necessary if inflation did not fall.

Shares of semiconductor and chip companies are trading lower amid rising oil prices and bond yields, prompting inflation concerns. Also, declining memory chip companies may weigh on the broader industry.

Shares of semiconductor companies are trading higher, possibly amid overall market strength as promising economic data reduces rate-hike concerns. South Korea's KOSPI, which initiated a chip selloff last month, rebounded and entered a bull market.