Penguin Solutions to Divest Remaining Stake in Zilia

The latest update is out from Penguin Solutions ( (PENG) ).

On December 29, 2025, SMART Modular Technologies (LX) S.à r.l., an indirect subsidiary of Penguin Solutions, agreed to sell its remaining 19% stake in Brazilian electronic components maker Zilia Technologies to Lexar Europe B.V. for $46.08 million, a deal that will make Zilia a wholly owned subsidiary of the buyer and terminate the existing quotaholders’ agreement signed in November 2023. The transaction, which follows Lexar’s November 2023 purchase of the other 81% stake in Zilia, is expected to close remotely by March 30, 2026, or by April 28, 2026 if required approvals are delayed, and will complete Penguin’s exit from Zilia, potentially streamlining its portfolio while consolidating ownership of Zilia under the Lexar/Longsys corporate group.

The most recent analyst rating on (PENG) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Penguin Solutions stock, see the PENG Stock Forecast page.

Spark’s Take on PENG Stock

According to Spark, TipRanks’ AI Analyst, PENG is a Neutral.

Penguin Solutions’ overall stock score is driven by moderate financial performance and strategic growth initiatives. However, high valuation concerns and mixed technical indicators temper the outlook. The stock buyback and strong earnings call results provide positive signals, but future challenges in business segments and market conditions remain.

To see Spark’s full report on PENG stock, click here.

More about Penguin Solutions

Penguin Solutions, Inc. operates in the technology hardware and electronics sector through subsidiaries such as SMART Modular Technologies, focusing on memory, storage, and related electronic components and solutions for global markets.

Average Trading Volume: 1,241,630

Technical Sentiment Signal: Sell

Current Market Cap: $1.05B

For an in-depth examination of PENG stock, go to TipRanks’ Overview page.